Banquet gst credit

ITC / Input 4429 views 7 replies
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3 Points Posted on 19 October 2018

Hi,

We do exhibtions, where we sell and charge for a package in which we sell stall space, rooms and food in same hotel.

Can someone help doing above can we claim ITC on food given in banquets ? There is a quite a confusion, if someone can give exper opinion.

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On 19 October 2018 at 19:06 Report
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Student
3549 Points Posted on 19 October 2018
Yes you can claim ITC
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On 19 October 2018 at 19:26
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GST Practitioner
55067 Points Posted on 19 October 2018
Yes the food provided in Banquets the ITC can be claim by Supplier (Its being block for Resuratant)
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On 19 October 2018 at 22:45
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Student
3549 Points Posted on 19 October 2018
Pankaj ji but even restaurant is engaged in outward supply of food the should restaurant be also eligible for claiming ITC?
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On 19 October 2018 at 22:47
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GST Practitioner
55067 Points Posted on 19 October 2018
Dear Hitesh
No , as per Notification 46/2017 CT (r) , the resturant is liable to charge GST @ 5% without ITC , only resturant in hotel (5star) where room terif is more then 7500/- can charge @ 18% gst under forward charge & can avail ITC
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On 19 October 2018 at 23:49
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3 Points Posted on 20 October 2018
But am not in business of food, the hotel is, will I act as supplier this case ?
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On 20 October 2018 at 01:20
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GST Practitioner
55067 Points Posted on 20 October 2018
Ok kkk fine ... you are selling your package by organising exibition/meeting at hotel & book the Banquet to provide food to your customer .

For Food bill ITC is block U/s 17(5)
For Banquet Rent you can claim ITC
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On 20 October 2018 at 01:34
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Student
23693 Points Posted on 20 October 2018
ITC is Blocked u/s 17(5) of CGST Act 2017 for fooding expenses...
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On 20 October 2018 at 10:09


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