banner_ad

VAT Rule 53(6) for Hotel.

This query is : Resolved 
Profile Image

Profile Image

(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
Profile Image

Uday Bathia

Profile Image

Uday Bathia (Querist)
22 February 2008 Please Reply
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
13 June 2023 "Sorry, I am not a featured member."

For featured members contact....

https://www.caclubindia.com/catalogue/featured.asp
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details