My query is related to the tour operator service. Now, since the govt. has passed the notification related to allowing ITC to tour operator. what type of ITC can tour operator claim. Can while booking airlines ticket, railway ticket, he can give his GSTIN and take credit of the same? I will be grateful to you for the response. Awaiting for reply. Please guide.
Menu
Input tax credit available to tour operators?
Replies (6)
Dear Sir, ITC on touroperators has been provided in the recent GST council meet. Did CBEC issued any notification regarding this ? if yes, please share the notificaiton, to answer your query.
I'd like to know the same.
Any update on the notification ?
Hi,
Notification has been Issued but still have doubt on rate of GST to take ITC between Tour Operator to Tour Operator. Is this ITC available in 18% category or 5% category?
If anyone have clarity, please update.
After reading the notification looks like ITC can be availed only against 18% GST. If 5% GST charged in invoice then ITC not available.
How do you say that the ITC is restricted to 18% only ? If I have ITC @ 28% then do I make a loss of 10% by restricting the ITC @ 18%?
Recent Threads
- Partnership firm with foreign national person
- Audit required
- Deemed Withdrawal of ASMT-13 Orders & Adjustme
- Need advise with HRA claim
- Schedule AL limit for FY 2024-25
- Can a person use ITR 1 when she has CG of Rs.250/
- Choice of ITR Form
- DTAA with US - Interest & Dividend
- Last Year ITR Not Filed and Hence NO TDS was claim
- Does ITR2 take much longer for processing
Related Threads
CAclubindia
