TaxTMI 
TaxTMI 
TaxTMI 
ITC ON 5% GST with NO ITC,can weclaim itc on plant and machinery and 18% itc for hotel,Backery&restuarants
X X X X Extracts X X X X
X X X X Extracts X X X X
....TC ON 5% GST with NO ITC,can weclaim itc on plant and machinery and 18% itc for hotel,Backery&restuarants <br> Query (Issue) Started By: - Amrutha Jain Dated:- 12-8-2025 Goods and Services Tax - GST <....
X X X X Extracts X X X X
X X X X Extracts X X X X
....br> Got 2 Replies <br> GST<br> <br> A restaurants,hotel and Backery Business coming under one GST and choosed 5% GST but not avail itc in this case can we take ITC on Plant and machinery and&nbs....
X X X X Extracts X X X X
X X X X Extracts X X X X
....p; 18% itc on bakery production items ? --Reply By: Sadanand Bulbule The Reply: Supply of exclusive restuarnt services at 5% GST with NO ITC; In this category you cannot claim any ITC including on ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....plant & machinery. Refer Notofication No. 46/2017-Central Tax (Rate) dated 14/11/2017. However if plant & machinery is exclusively used for manufacture and supply of bakery products and sold at ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....18% GST, then you are eligible for ITC. Otherwise it is also not allowed. --Reply By: Shilpi Jain The Reply: If u have chosen 5% then no ITC. But first chk if all can be 5%. Another aspect is....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... before beginning of next FY you can declare you premises as not a specified premises by filing an annexure and take benefit of paying tax @18% and claim all credits. <br>***<br> ....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... Discussion Forum - Knowledge Sharing....