Question ID :
29593
SET OF OF FURNITURE ADMISSIBLE OR NOT
Whether the set off of furniture is allowed for a restaurant dealer who is paying tax @ 5 on sales
Posted by
KUNAL BUDHRAJA
on
Apr 23, 2018
Filed Under
GST
Not allowed. GST @ 5 on restaurant is without input credit.
Posted by
CA. SATISH CHAND GARG on
Apr 24, 2018
Answer ID :
65552
no
Posted by
VINAY BHARGAV KUMAR G on
Apr 24, 2018
Answer ID :
68705
While paying tax @5, no set off shall be allowed.
Posted by
Jatin Harjai on
May 28, 2018
Answer ID :
68706
While paying tax @5, no ITC credit shall be allowed.
Further, if the credit has already been taken before coming into effect of this rate, the credit taken has to be reversed in the manner provided under Rule 43.
Posted by
Jatin Harjai on
May 28, 2018
Answer ID :
68755
Not possible, if already taken it has to be reversed.
Posted by
CA MNS Karthik Reddy on
Jun 08, 2018