ITC in case of hospitality business
whether itc on food items purchased ( @ 5%) will be reversed while filing gstr 3b for hotel and restaurant business?
Replies (4)
yes it should be...
You should show all purchases which are made under Your GSTN in table 4 under Row A (5) & at the same show the reversal Under Table 4 , Row B(2)
Note : Because all such inward supplies which are done on your GSTN is going to reflect in GSTR 2a & to file your annual return this column (in 3b) fiqures going to reported therein
Note : Because all such inward supplies which are done on your GSTN is going to reflect in GSTR 2a & to file your annual return this column (in 3b) fiqures going to reported therein
thank you and congratulations
Thank you both
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