https://www.taxtmi.com/article/detailed?id=10454 Denial of Input Tax Credit under GST creates discriminatory treatment between hotels and restaurants by linking ITC entitlement to declared room tariff slabs; except for the highest room-tariff bracket, restaurants and many hotel F&B supplies face identical GST rates without ITC, causing cascading taxation, higher operating costs, and competitive distortion. Industry proposals urge delinking F&B revenue from room-tariff slabs and permitting ITC (or a uniform charged rate with ITC eligibility) to reduce tax-on-tax, restore creditability, and support sector recovery. en-us Tue, 14 Jun 2022 15:45:30 +0530 Tue, 14 Jun 2022 15:45:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10454 Denial of Input Tax Credit under GST creates discriminatory treatment between hotels and restaurants by linking ITC entitlement to declared room tariff slabs; except for the highest room-tariff bracket, restaurants and many hotel F&B supplies face identical GST rates without ITC, causing cascading taxation, higher operating costs, and competitive distortion. Industry proposals urge delinking F&B revenue from room-tariff slabs and permitting ITC (or a uniform charged rate with ITC eligibility) to reduce tax-on-tax, restore creditability, and support sector recovery. Articles Goods and Services Tax - GST Tue, 14 Jun 2022 15:45:30 +0530 https://www.taxtmi.com/article/detailed?id=10454