Menu
INPUT TAX CREDIT FOR HOTEL
Sir/, Madam my friend has a hotel accommodation, he purchased a generator of rs 5,95,000/- input tax is 90,000/- can he claim that 90,000 while filing GST ??? kindly reply..
Replies (4)
Quick Summary
What about the hotelier folowed the GST rule...??!
Input tax credit for hotel mainly for asset purchased.
If the hotel is following 18%itc on the output supply.. then it can take the itc on generator.
if it is following 5 percent, then the itc on generator has to be reversed.
if it is following 5 percent, then the itc on generator has to be reversed.
Is your friend a hotelier or a customer who had an accomodation in a hotel?
Recent Topics :
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
Related Topics :
CAclubindia
