VAT Rule 53(6) for Hotel.
This query is : Resolved
Uday Bathia
(Querist)
13 February 2008
Sir,
One of my client ia a four star hotel. The receipt by way of Rest & Banquet sale liable to VAT is 6,00,000/- p.m. and the room rent charges collected per month are 9,00,000/- on which luxury tax is paid. Whether rule 53(6) will restrict my set-off to purchase of capital assets and consumables pertaining to kitchen and service of food as the sales are less than 50% of total sales.
If the room rent charges are 4,0,0000/- then waht would be the situation for input credit.
Please reply
If the room rent charges are 6,00,000/- then waht would be the situation for input credit.
Sir, Please give your valuable opinion and any other matter you would like to inform me in ths regard.
Kind Regards
Uday
One of my client ia a four star hotel. The receipt by way of Rest & Banquet sale liable to VAT is 6,00,000/- p.m. and the room rent charges collected per month are 9,00,000/- on which luxury tax is paid. Whether rule 53(6) will restrict my set-off to purchase of capital assets and consumables pertaining to kitchen and service of food as the sales are less than 50% of total sales.
If the room rent charges are 4,0,0000/- then waht would be the situation for input credit.
Please reply
If the room rent charges are 6,00,000/- then waht would be the situation for input credit.
Sir, Please give your valuable opinion and any other matter you would like to inform me in ths regard.
Kind Regards
Uday
Uday Bathia
(Querist)
22 February 2008
Please Reply
Dhirajlal Rambhia
(Expert)
13 June 2023
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