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I have query that can we take ITC of raw material purchased for the purpose of restaurant .If no then can we claim that ITC against lodging income (room tariff 7500p day/night)

I have query that can we take ITC of raw material purchased for the purpose of restaurant .If no then can we claim that ITC against lodging income (room tariff  7500p day/night )

Reply

No ITC is available if restaurant is paying tax under 5% GST rate, and whereas if restaurant is covered under 18% GST rate, ITC can be claimed.

Posted Date: Sep 03, 2018
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