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rocky (accountant)     20 April 2020

Work contract business woth lodging hotel services

i am.work contractor,having a GST no. collecting 18% GST on constructiin services

now i want to open a hotel (lodge), room rate less rhan rs 1000 per day

can I continue with same gst no. and avail.input on work contract materials, as i was availing earlier?


 3 Replies

Pankaj Rawat

Pankaj Rawat (GST Practitioner)     20 April 2020

Yes you can ......but need to reverse the ITC as per Section 17(2) ,r/w rule 42

Note : As the nature of business is completely different hence better to obtain separate GSTN for hotel business.
rocky

rocky (accountant)     20 April 2020

Nature of busibess will be
1)work contract
2)hotel business

gst collected on work contract business 1,00,000
input on building materials for contract business 1,00,000

tax collected and input in hotel business - 0, because room rate below 1000

in this case , should i reverse ITC?
Pankaj Rawat

Pankaj Rawat (GST Practitioner)     02 May 2020

NO....... NOT REQUIRED TO REVERSE.


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