Input credit on capital goods in business of restaurants

ITC / Input 1591 views 3 replies
can we claim input tax credit of capital goods in the business of restaurant
Replies (3)

Till 15/11/2017 you can avail ITC on all inputs , Input services, Capital goods used in the business of restaurant. But after 15/11/2017 if you are elibile for 5% rate on outward supply you can not avail input  credit 

If a restaurant having multiple business like renting of banquet and other renting of immovable property service then whether the ITC is available ? And if yes then how much ? Is there any proportion or formula for that available?


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