Hotel business

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128 Points Posted on 15 June 2020
1. Room Rent in hotel business can eligible for ITC.
2. If all room rent exempt (under Rs. 1000) so should books and gst portal match.
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On 15 June 2020 at 09:51 Report
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Quick Summary
This discussion clarifies the Goods and Services Tax (GST) implications for hotel room rentals. It explains that GST is applicable if the room rent exceeds £1000, and Input Tax Credit (ITC) can be claimed in such cases. However, if all rooms are exempt (renting for under £1000), ITC is not available, and it's important to ensure your books match the GST portal records.

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Practice
3235 Points Posted on 15 June 2020
ITC in this case is not available
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On 15 June 2020 at 10:42
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Consultant
1891 Points Posted on 15 June 2020

GST is applicable on room rent if it exceeds Rs. 1000 in all cases. If all the rooms are under exempt category then ITC will not be available. 

 

 

 

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On 15 June 2020 at 12:50

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