Respected sir,
My one of the client having hotel, there charges GST on there outward service @ 5%.. If any hotel industry tax has been paid @ 5%, the ITC on any goods or services are not allowed.
But as per notification number 09/2024 dated 10th oct 2024. RCM rent paid.
Can this RCM on rent paid are allowed as a ITC in GST to hotel industry?
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RCM ITC allowed to hotel industry ?
Replies (2)
To clarify, your client, a hotel operator, charges GST at 5% on outward services.
ITC on RCM rent paid, ensure your client meets the following conditions:
1. _RCM applicability_: Verify that RCM is applicable on the rent paid.
2. _àGST payment_: Ensure GST has been paid under RCM on the rent.
3. _ITC eligibility_: Confirm that the ITC is eligible as per the notification and GST laws.
RCM input is available, only thing is that restriction is on other ITC
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