what are all input tax not eligible for hotel industry,. 2: how much amount can be purchase/service from unregistered vendor per day. is there to get declaration from unregistered vendor.& we have to pay
GST for the above purchases/service under reverse charge please answer
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itc credit
Replies (2)
Hotel industry (Not opted for composition levy) can claim ITC.
Per day if not exceed Rs. 5000, no need for rcm.
Purchase if exceed Rs. 5000, pay rcm. Self vouchers may be done.
Per day if not exceed Rs. 5000, no need for rcm.
Purchase if exceed Rs. 5000, pay rcm. Self vouchers may be done.
hotel industry can not opt composition as it is service sector
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