2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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12 %
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14 %
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5 %
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8 %
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Detailed explanation-1: -Keep tuned in for the outpour of the 23rd GST Council Meeting being held in Guwahati.
Detailed explanation-2: -In most states, restaurants, like other enterprises with a revenue of more than ₹ 20 lakh, would be required to register for GST. If the yearly aggregate revenue of a restaurant in a special category state exceeds ₹10 lakhs, the restaurant must register for GST.
Detailed explanation-3: -Non AC restaurants – 5% GST (CGST 2.5% + SGST 2.5%) AC restaurants – 5% GST. Restaurant (AC or non-AC) located in hotel premise with Rs 7, 500 or more daily tariff – 18% While pre-packed and pre-cooked food from restaurants – 12%
Detailed explanation-4: -GST Rules for Restaurants Under GST, restaurants fall under the 5% GST rate, with no option to claim input tax credit (ITC) or the 18% GST rate, with ITC claims.