https://www.taxtmi.com/article/detailed?id=12138 GST on food and restaurant services differentiates tax treatment by service characteristics and product classification, with nil treatment for many fresh foodstuffs and escalating rates for processed, packaged, preserved or branded products. Eligibility for input tax credit is tied to the rate charged: suppliers at lower rates are ineligible for ITC while those at higher rates can claim it, producing operational effects on working capital and consumer pricing, and maintaining separate service charges in restaurant billing. en-us Mon, 18 Dec 2023 11:43:40 +0530 Mon, 18 Dec 2023 11:43:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12138 GST on food and restaurant services differentiates tax treatment by service characteristics and product classification, with nil treatment for many fresh foodstuffs and escalating rates for processed, packaged, preserved or branded products. Eligibility for input tax credit is tied to the rate charged: suppliers at lower rates are ineligible for ITC while those at higher rates can claim it, producing operational effects on working capital and consumer pricing, and maintaining separate service charges in restaurant billing. Articles Goods and Services Tax - GST Mon, 18 Dec 2023 11:43:40 +0530 https://www.taxtmi.com/article/detailed?id=12138