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 .....

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..... or he has to proportionately take i.e. rooms below 1000/- and liquor sales ITC should be reversed or lapsed? - Reply By KASTURI SETHI - The Reply = Proportionate ITC is to be taken. - Reply By Gan .....

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..... eshan Kalyani - The Reply = 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. - Input Tax Credit - .....

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..... Query Started By: - vignesh VSACCOUNTOPRIVATELIMITED Dated:- 13-11-2020 Goods and Services Tax - GST - Got 2 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal op .....

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..... inion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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