Input Tax credit on restaurant business

Sagnik Majumder (Accounts Executive) (51 Points)

27 April 2018

Can restaurant business avail ITC?
Can multiple businesses ITC adjusted against restaurant business?
Pleasereply..

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4 Replies

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 27 April 2018

Yes you can claim ITV

Sagnik Majumder (Accounts Executive) (51 Points)
Replied 27 April 2018

Thank you for reply. But restaurant business of 5 gst can avail any ITC. If yes please say notification number. It will so helpful to me.

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 27 April 2018

No , the resturant service provider cannot avail ITC , As per notification 46/2017 CT(r) without ITC , charge 5%

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 29 April 2018

Those restaurant charging 5% GST are not eligible for ITC....

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