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
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