Room fare of hotel in gstr 3b
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 November 2018
Dear Experts, My query to you is that i run a hotel and get bookings from OYO. The problem is that customers pay charges to OYO and later OYO transfer charges into my account after deducting their commission and TCS. I am wondering that which amount should i show in GSTR 3B. Would it be the total amount of room fare or the amount we receives after deduction of commission of OYO and TCS?
its my request to you kindly reply me..
Thanks in advance
its my request to you kindly reply me..
Thanks in advance
25 November 2018
You have to show the total amount of room fare in outward supplies.
GST on commission charged by Oyo rooms will be available as input tax credit which can be set off against the GST on outward supplies.
TCS collected by Oyo rooms will be transferred to your cash ledger once you accept the same and this can be utilized for payment of GST on outward supplies.
GST on commission charged by Oyo rooms will be available as input tax credit which can be set off against the GST on outward supplies.
TCS collected by Oyo rooms will be transferred to your cash ledger once you accept the same and this can be utilized for payment of GST on outward supplies.
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