Input Tax Credit, Goods and Services Tax - GST

[vignesh VSACCOUNTOPRIVATELIMITED]

Sir. Client is running a hotel industry with bar (liquor sales), he has rooms below tariff ₹ 1000/ and above ₹ 1000/-also, can he claim ITC fully on his inward supply of goods and services or he has to proportionately take i.e. rooms below 1000/- and liquor sales ITC should be reversed or lapsed?

Posts / Replies

[KASTURI SETHI]

Proportionate ITC is to be taken.

[Ganeshan Kalyani]

On room rent there is GST and on sale of liquor no GST. So, ITC proportionate to room rent can be taken. I agree with the views of Sri Kasturi Sir.