Menu
ITC on hotels
Can we claim ITC on purchase @ 5% having a hotel business??
Replies (8)
Purchase of what?
if u belong to hotel business then u may be composite dealer. in this senerio u can't get ITC
ITC Not Claim in Hotel.
it's a blocked credit under sec 17(5) of CGST Act
you can't take ITC on hotel business
No you cannot claim itc
Yes of course you can take ITC on purchase of goods for supply of restaurent service.
read Sec 17.it clearly mention that credit of restaurent cannot be taken but it does not block credit of restaurent service provider to take credit of goods used by restaurent dealer to provide service
read Sec 17.it clearly mention that credit of restaurent cannot be taken but it does not block credit of restaurent service provider to take credit of goods used by restaurent dealer to provide service
Suppose we are purchasing food grocery items @ 5% Gst so we can claim ITC on that purchase or not?
Recent Threads
- Inverted Rate structure .
- Exemption to be climed
- GST TDS u/s 51 Applicability on RBI and it's subs
- Time allowed to buy another asset
- ITR not processed for the FY 2024-25
- Gift of money to my wife.
- Tax Audit If you show Loss
- GST Tax invoice Value Rs..234000
- Can I claim benefit under 54F if I sell my equity
- Income tax refund 25/26
Related Threads
CAclubindia
