GST rate 5% no itc
This query is : Resolved
NAVEEN KUMAR SURE
(Querist)
01 September 2017
for tour operators gst rate is 5% with no itc
please explain the concept.
whether tour operator (seller) will not get the itc or purchaser.
thank you.
Rakesh Mishra
(Expert)
01 September 2017
The tour operator will certainly not get. The purchaser will also not unless he is himself tour service provider
Dibin Divyakumar
(Expert)
01 September 2017
No ITC is for the Tour operator, You can take input credit of 5% billed by tour operator on you, provide your GSTN no. is given and the expense was incurred for furtherance of business.
01 September 2017
Tour Operator who has opted for 5% rate will not be eligible to claim ITC on inputs. Service recipient can take ITC if the such services used for furtherance of business.
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