As per the Act and the new notification given the rate of GST is 5% with No ITC.
SO THERE ARE TWO QUERIES
1. What if I am taking ITC so what is the GST rate that I have to charge.
2. If I have not followed 5% with No ITC, then when can I start following the same. From Next month beginning transactions or from next Financial Year.
You cannot claim ITC .... in term of Notification 46/2017 CT(r) the Restaurant Service provider are not allowed to claim ITC , it's 5% without ITC.
Note
Only Restaurants in hotel where room tariff is 7500/- or more , need to charge 18% with full ITC
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