I am regular gst dealer
i sell electric goods on my shop
and some time supply food in functions
if i charge 5% gst on food
am i en eligible to claim ITC on raw materials of food only
or my other work electric items also?
No ITC is available if restaurant/electricronic shop is paying tax under 5% GST rate, and whereas if restaurant/electronic shop is covered under 18% GST rate, ITC can be claimed.
CAclubindia
