Dear Members
I am running a franchise based hotel industry.
I have to pay GST on Royaltie to be paid for Franchisee owner, can i claim a ITC of the said GST Paid on same
Menu
Itc on royalties paid for franchise in case of hotel industries
Replies (4)
Yes you can but ... if in your hotel room terif is below 7500/- , & have resuturant then the ITC credit has to be claim Proptionately on royalty paid (As per Rule 42)
what if i have only dine facility and register under Composition Levy
when you are registered as composit dealer then in anyway you cannot claim itc
moreover the hotel service provider (dining) cannot opt for composit scheme, so its better to opt for reqular scheme
Can a composition dealer gave his franchise to another? If yes, then what is the GST implication on that transaction? pls clarify.
Recent Topics :
- Why are foreign investors suddenly buying Indian s
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
- Query to Tax Garden tax consultant
- Subject: Urgent Assistance Required – TRACES
- Claiming business re-imbursements while filing GST
- E-waybill 14 Digit Numbring
- Non filing of MGT-14 for MD appointment
- HUF AFFIDAVIT vs HUF DEED - REQUIREMENTS & STA
- Free Pre-Filing Tool to Match GSTR-3B vs GSTR-2B (
- MR AASHOK KUMAR SHARMA
Related Topics :
CAclubindia
