I had started construction of hotel in july 2024 with fund through sale of fathers land and gold and i took GST number in Fab 25 , so how can i claim ITC and clear the this problem . also my IT Return how to disclose such hotel.
How my GST and IT return will be filled. i also need loan from bank under CGTSME or others way . how i disclosed things.
sole properietor
ITC can be claimed on GST paid for inputs used in constructing the hotel if the hotel is for business purposes and GST is applicable.
The hotel construction and related expenses should be disclosed in the IT return considering the business income of the sole propietorship.
Ensure accurate filing of GST returns to claim ITC and file IT returns disclosing business income and expenses related to the hotel.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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