Furniture for hotel

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MANAGER ACCOUNTS
1 Points Posted on 02 March 2020
Hi,

please let me know if we can take gst input of furniture purchase for new hotel.
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On 02 March 2020 at 16:38 Report
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This discussion clarifies whether GST input tax credit (ITC) can be claimed on furniture purchased for a new hotel. Generally, ITC is permissible as the furniture is used for commercial purposes in the course of business. However, if the hotel opts for the composition scheme, ITC will not be allowed.

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accountant
80 Points Posted on 02 March 2020
I think it's used for commercial purpose we taken ITC
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On 02 March 2020 at 18:36
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Student
23693 Points Posted on 10 April 2020
Yes you can claim ITC on Furniture which have been purchased to be installed in Hotel. It is used in the course of or furtherance of business.
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On 10 April 2020 at 21:13
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Chartered Accountant
12739 Points Posted on 10 April 2020

if HOTEL opts for the composition scheme then ITC is not allowed 

otherwise allowed .

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On 10 April 2020 at 22:52

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