Restaurant services

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... In case of restaurant services, if they opt for 5% rate of GST for outward supplies by virtue of Notification No. 20/2019- Central Tax (Rate). They are not eligible for availment of ITC as per the not .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ification. But however, if inadvertenly they have availed an ITC say for 2 months and subsequently found out the same and reversed the ITC along with interest. Can they still continue in 5% rate of ta .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... x or because they have availed inadvertenly ITC for 2 months and subseqently reversed the same, the benefit of 5% does not applicable to them and subsequently apply 18% on outward supply. - Reply By K .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ASTURI SETHI - The Reply = Dear Querist, ITC taken and subsequently reversed along with interest tantamounts to credit not taken . You can continue with 5% option. You have reversed on your own. It pr .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... oves your bona fides.. - Restaurant services - Query Started By: - VishnuPriya R Dated:- 12-12-2024 Last Replied Date:- 12-12-2024 Goods and Services Tax - GST - Got 1 Reply - GST - Discussion Foru .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... m - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X