Suppose I am in Hospitality industry and there are tax invoice that have sale of room at 5 percent and 18 percent.
As per the new gst reform, can i claim itc for 18 percent tax sale ? Or is it advisable to not take itc as the 18 percent sales are only 40 percent of the total
Do not skip it: Even though your 18% sales are "only 40%", claiming 40% of your GST paid on rent, software, and overheads is a significant saving.
Karia Overseas
Ahmedabad
CA
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