https://www.taxtmi.com/forum/issue?id=119465 Standalone restaurants opting for the reduced GST rate are precluded from claiming Input Tax Credit; if ITC is inadvertently claimed but subsequently reversed with interest, that reversal constitutes "credit not taken" and permits continuation of the reduced rate option, reflecting corrective action and bona fides. en-us Thu, 12 Dec 2024 12:22:23 +0530 Fri, 24 Jan 2025 10:40:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119465 Standalone restaurants opting for the reduced GST rate are precluded from claiming Input Tax Credit; if ITC is inadvertently claimed but subsequently reversed with interest, that reversal constitutes "credit not taken" and permits continuation of the reduced rate option, reflecting corrective action and bona fides. Discussion-Forum GST Thu, 12 Dec 2024 12:22:23 +0530 https://www.taxtmi.com/forum/issue?id=119465