Gst setoff

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Chetan (Querist)
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09 February 2018 Dear Expert,
In Case Of Hotel,Restaurant Business there is Gas[Cylinde] GST Bill Received from Gas Agencies,May I claim that Gst.Please Confirm...Thank You.

Arpit

Arpit (Expert)
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09 February 2018 As per GST rate notified by GST Council in Heading 9969, if food, beverages and other article for human consumption is supply by a hotel whose declared tariff is less than Rs. 7500 then they are not entitled for taking any input tax credit. But other than above mentioned hotels (i.e. where Declared tariff is more than or equal to Rs. 7500) are eligible for taking input tax credit of all goods and services that are used or intended to be used in the course or furtherance of business.

Conclusion: Hotel can set off input of GST on Gas Cylinder from output service if its declared tariff of room is more than Rs. 7500.

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