ITC on purchases made by restaurant

16 February 2018

dear all,
can we take input on purchases made by a restaurant..where the restaurant pays an output tax @ 5%

Reply
Follow
Share

3 Replies

Langesh Siva (Accounts Manager) (164 Points)
Replied 16 February 2018

Hi,

Restaurants are not eligible to take input credit

Shivani Aggarwal (28 Points)
Replied 16 February 2018

Restaurant has opted for composition scheme (5% output tax) so no ITC can be availed.

1 Like

CA Mayur Todmal (Practicing CA) (7756 Points)
Replied 16 February 2018

Whether or not standalone restaurant opting for coposition scheme paying 5% is not eligible for itc from 15/11/2017

Start a New Discussion