No option for restaurants to charge 18 percent with ITC
Sir, from November 15, 2017 onwards, all restraunts and takeaways are mandatorily required to pay tax @ 5% without any input tax credit. This is evident from the explanation to entry no.7 (ix) of the notification no. 46/2017-Central tax (rate) dated November 14, 2017. Accordingly, it appears that there is no option available for stand-alone restaurants to charge 18% and avail credit.