We are in hotel business. We are now allowed to take ITC for restaurant purchase. But we take input on all bills. So my question is do we need to show ineligible ITC in GSTR3b or we can deduce it from input Gst??
For hotel business, GST paid on purchases directly related to production of output is eligible for claiming ITC.. So only eligible is called ITC.. Rs. 40,000 Bal you need not show Rs. 80,000 out of Rs. 1.20,000
CAclubindia
