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Input Tax Credit, Goods and Services Tax - GST

Issue Id: - 116848
Dated: 13-11-2020
By:- vignesh VSACCOUNTOPRIVATELIMITED
Input Tax Credit

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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?

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Showing Replies 1 to 2 of 2 Records

1 Dated: 14-11-2020
By:- KASTURI SETHI

Proportionate ITC is to be taken.


2 Dated: 18-11-2020
By:- 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.


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