GST ITC CREDIT for cafe
Shiva Dubey (166 Points)
14 June 2024for WHICH kind of invoice we are allowed to take credit.
Shiva Dubey (166 Points)
14 June 2024
CA Anoop Kumar Sharma
(Accounts Manager)
(2065 Points)
Replied 14 June 2024
As per my opinion , restaurants and cafes that charge 18% GST are eligible for ITC benefits. However, those charging 5% GST on food services not allowed ITC benefits. Additionally, cafes can claim input tax credits only for items that are directly related to the furtherance of their business.
Shiva Dubey
(166 Points)
Replied 14 June 2024
CA Anoop Kumar Sharma
(Accounts Manager)
(2065 Points)
Replied 14 June 2024
Yes,but shown in GSTR 2B
CA Anoop Kumar Sharma
(Accounts Manager)
(2065 Points)
Replied 15 June 2024
Alright, then proceed to accept input if all other conditions are met.
sabyasachi mukherjee
(27574 Points)
Replied 16 June 2024