TaxTMI 
TaxTMI 
Restaurant services
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....estaurant services<br> Query (Issue) Started By: - VishnuPriya R Dated:- 12-12-2024 Last Reply Date:- 16-12-2024 Goods and Services Tax - GST<br>Got 4 Replies<br>GST<br>In case of restaurant services,....
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.... 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 notification. But however, if inadv....
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....ertenly 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 tax or because they have availed i....
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....nadvertenly 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 KASTURI SETHI: The Reply: Dear Qu....
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....erist, 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 proves your bona fides......
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.... Reply By Sadanand Bulbule: The Reply: I endorse the legal position expressed by Sh. Sethi Sir Reply By VishnuPriya R: The Reply: Thank you sir for the clarification Reply By Shilpi Jain: The Rep....
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....ly: Standalone Restaurants liable @5% only. Just because you may have taken credit for some period does not mean that you can pay GST @18%. There is a specific explanation in this regard in the rate ....
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....notification itself.<br> Discussion Forum - Knowledge Sharing ....