dear all,
can we take input on purchases made by a restaurant..where the restaurant pays an output tax @ 5%
Hi,
Restaurants are not eligible to take input credit
srilatha maduri (268 Points)
16 February 2018
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
CA Mayur Todmal
(Practicing CA)
(7645 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
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
