HOTEL WITH RESTAURANT BELOW TERIFF RS, 7500 PER DAY
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.
Clarification on ITC for Hotels: Not Available for Restaurant Services per Notification 46/2017; Proportionate Application Advised. A query was raised regarding the applicability of Input Tax Credit (ITC) for hotel businesses under Notification No. 46/2017-Central Tax, effective from November 15, 2017. The notification specifies a 5% GST rate without ITC for restaurant services. One response clarified that ITC is not available for restaurant-related expenses but can be claimed on other hotel services. Another response emphasized that ITC is available for hotel services except those specifically related to restaurants, and common ITC should be proportionately applied to hotel turnover, excluding restaurant supplies. (AI Summary)
Goods and Services Tax - GST
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