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GST APPLICATION
suppose a proprietor book the hotel for personal use and he provide GST number of his business for ITC ,so will that transaction come under GST?
Replies (2)
It should not happen but I have seen it is happening many times for talking Input Tax Credit in business.
In any tax law whether it is Income Tax Act or GST Law, personal expenses cannot be claimed as business expenditure. Personal expenses are disallowed and ITC thereon is also ineligible. But still some proprietors are claiming ITC as in case of proprietor it is very difficult to identify personal and business expense, so they take benefit ITC which is ineligible.
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