Liquor sales & rcm
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 September 2017
Dear experts,
We are in the business of hotel & restaurant with BAR. We paid GST under RCM (on un registered inward supply. i.e., rent), liquor sales are Non GST item. can we claim that input to other taxable supplies fully?? or do we need to restrict the input only for taxable supply?? if yes where we have to update the inelible ITC in GSTR 3B- whether under ITC Reversed column (As per Rule 42 & 43 of CGST/SGST rules or others) or (D) Ineligible ITC column?
Please sir, its urgent.
Thanks
We are in the business of hotel & restaurant with BAR. We paid GST under RCM (on un registered inward supply. i.e., rent), liquor sales are Non GST item. can we claim that input to other taxable supplies fully?? or do we need to restrict the input only for taxable supply?? if yes where we have to update the inelible ITC in GSTR 3B- whether under ITC Reversed column (As per Rule 42 & 43 of CGST/SGST rules or others) or (D) Ineligible ITC column?
Please sir, its urgent.
Thanks
19 September 2017
You register as regular dealer or Composition dealer...?
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GSTR9 Annual Return
- Employee secondment
- Ito add credit side of bank
- Gift to nri relatives resides in usa
- IMS (import of goods) ITC related
- Applicability of tax on invoice
- LLP audit and disclosure
- Form 144 TDS Return Validation Error – Mandatory Fields
- Rent agreement of House of deceased person
- Capital gain on commercial property and investment in residential property
- Import of Capital Machine
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
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
