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Can Restaurant Can Claim on input, Goods and Services Tax - GST

Issue Id: - 114306
Dated: 8-11-2018
By:- YUWRAJ KOTHARI
Can Restaurant Can Claim on input

  • Contents

Dear Sir/Madam,

Can Restaurant holding Franchise, and leving GST on Foods Sales @5%, claim ITC for Royalty or any other input.

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Showing Replies 1 to 4 of 4 Records

1 Dated: 9-11-2018
By:- DR.MARIAPPAN GOVINDARAJAN

In my view no.


2 Dated: 9-11-2018
By:- KASTURI SETHI

I support the view of Dr.Govindarajan, Sir.


3 Dated: 12-11-2018
By:- CAHemanth Kumar B

Dear sir,

Rate of 5% is subject to ITC restriction. Therefore cannot claim ITC.

Further to note that ,this change is made by Notification No. 46/2017- Central Tax (Rate) dated 15.11.17 with an explanation that the turnover of 5% would be considered as exempted TO and reversal of ITC will be applicable in terms of section 17(2) read with rule 42 and 43 of CGST Rules, 2017


4 Dated: 12-11-2018
By:- YAGAY andSUN

We endorse the views of our experts.


1

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