Menu
ITC in case of restaurant
If an existing take away restaurant already charging 5 % without input wants to sale vegetables and grocerry items can input be taken for separate segment as area of sale will be common or what can be done to take the Input?
Replies (5)
Dear sir,
You need to rely on rule 6(3) of cenvat credit rules only. In gst, the concept is same. If you are not maintaining seperate books, then you can take proportionate credit as per formula given.
For more information, please contactcus on psandac @ gmail.com
Either maintain separate set of books or take another registration as both business line is different
Can do all the business under same GSTN , but need to keep & maintain proper accounting .
U need to take separate registeration .....
As your another business trading in Grocery item is business vertical u need to apply for seperate registration.
Recent Threads
- Whether GST applicable on Hardship Compensation pa
- ITC cannot be denied to Bona Fide Buyers for Suppl
- Unused ITC for Hotel after GST Change
- CA FINAL SPOM
- 44ad presumption of tax
- Friendly loan to blood relative?
- Tds penalty for in operative pans
- TDS on Property- 26QB filing Doubt
- HSN code for Exempted supplies
- HSN Summary of Outward Supplies (Sales and Advance
Related Threads
CAclubindia
