Established in the year 2016, we are an emerging chartered accountancy firm based in Bengaluru rendering comprehensive professional services which include audit, management consultancy, tax consultancy, accounting services and secretarial services.

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Sunday, 26 November 2017

Revisiting GST on Restaurants Services

The government as part of major revamp of GST tax Structure had earlier this month decided to fix the GST rate at 5 percent for all restaurants and not give them input tax credit.
Type of Restaurants
GST Rate
All restaurants
5% no ITC
Restaurants within hotels (room tariff <7,500-5% without ITC)
5% no ITC
Restaurants within hotels (room tariff >7,500) still 18% with ITC
18% with ITC
Outdoor catering
18% with ITC

For Expert Assistance in GST Advisory, Filing, Training, Invoicing, Accounting call us at 9900397777 mail us at info@preethamandco.com

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