Input Tax Credit

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....nput Tax Credit<br> Query (Issue) Started By: - vignesh VSACCOUNTOPRIVATELIMITED Dated:- 13-11-2020 Last Reply Date:- 18-11-2020 Goods and Services Tax - GST<br>Got 2 Replies<br>GST<br>Sir. Client is ....

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....running a hotel industry with bar (liquor sales), he has rooms below tariff &#8377; 1000/ and above &#8377; 1000/-also, can he claim ITC fully on his inward supply of goods and services or he has to p....

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....roportionately 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 Ganeshan Kalyani: The Re....

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....ply: 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.<br> Discussion Forum - Knowledge Sharing ....