Hi,
is there any limit on per day hotel room charges in which itc can be claimed?
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Hotel accomodation limit for claiming ITC
Replies (2)
if your hotel room tarriff exceeds 7500 then you can take itc of restaurant bills
Further ,restaurants will attract the output tax rate of 18% respectively....
Further ,restaurants will attract the output tax rate of 18% respectively....
As per Notification 12/2017 CT (R) , Hotel room charges upto 1000/- per day is exempted , hence on above 1000/- the ITC can be claim .
Else have to Reverse the ITC ( As per Rule 42)
Else have to Reverse the ITC ( As per Rule 42)
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