Home Forum Goods and Services Tax - GST Month 11 2023 2023 (11) This
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ITC reversal - Goods and Services Tax - GSTExtract Restaurant business is required to charge GST@5% without any ITC i.e. availment of ITC is not allowed to restaurant business. And as per Circular No. 170/02/2022-GST , ITC is required to be claimed as per GSTR-2B and reversal if any can be made in Table 4(B)(1) or Table 4(B)(2). In which table should restaurant business reported reversal of whole ITC and on what basis that specific table is selected for reversal.
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