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Banquet gst credit

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Arpit Kala

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.

Replies (7)

Hitesh

Student

3549 Points Posted on 19 October 2018

Yes you can claim ITC

Pankaj Rawat

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)

Hitesh

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?

Pankaj Rawat

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

Arpit Kala

3 Points Posted on 20 October 2018

But am not in business of food, the hotel is, will I act as supplier this case ?

Pankaj Rawat

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