GST rate 5% no itc
This query is : Resolved
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.
01 September 2017
The tour operator will certainly not get. The purchaser will also not unless he is himself tour service provider
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- Type of Capital Gain
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- Can partnership firm show income under 44ad
- Regarding ITR filing with more value than showing in AIS/TIS
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
