HOTEL WITH RESTAURANT BELOW TERIFF RS, 7500 PER DAY

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..... SIR, After 15th November as Per Notification No. 46/2017-Central Tax in a hotel business is. will get ITC on building maintenance,Telephone Exp,Bank charges, legal fees and other exp related for accommodation service , except of Restaurant Exp ? Please Guide me. - Reply By ANITA BHADRA - The Reply = Notification No 46/2017 states - Rate is 5 % without ITC . No where in t .....

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..... he notification , it is mentioned that ITC on building maintenance,Telephone Exp,Bank charges, legal fees and other exp related for accommodation service , except of Restaurant Exp Here is the notification :- Notification No. 46/2017 states -Supply, by way of or as part of any service or in any other manner whatsoever, of goods, being food or any other article for human consumption or dri .....

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..... nk, where such supply or service is for cash, deferred payment or other valuable consideration, provided by a restaurant, eating joint including mess, canteen, whether for consumption on or away from the premises where such food or any other article for human consumption or drink is supplied- Rate is 5 % without ITC - Reply By CS SANJAY MALHOTRA - The Reply = Input Tax Credit is available on al .....

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..... l services in Hotel except related specifically to Restaurant If you are charging GsT @5%. In case of common ITC, same is to be availed proportionately on Hotel turnover except for supply of food in restaurant or any part as specified in Notification. - HOTEL WITH RESTAURANT BELOW TERIFF RS, 7500 PER DAY - Query Started By: - UDAYKANT PATHAK Dated:- 25-11-2017 Goods and Services Tax - GST - G .....

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..... ot 2 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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