ITC on inputs by Hotel having restaurant also
Query (Issue) Started By: – IRFAN MALIK Dated:- 17-2-2019 Last Reply Date:- 18-2-2019 Goods and Services Tax – GST
Got 2 Replies
GST
Query relating to ITC on F&B material purchased by hotel (having restaurant):
\nI have a hotel with restaurant in its premises. Following are GST sales:-
\n1. Accommodation with breakfast (package sales) – GST charged by hotel is 12\/18%
\n2. Accommodation with breakfast & lunch\/dinner (package sales) – GST charged by hotel is 12\/18%
\n3. Direct restaurant sales – GST charged is 5%
\nIn such case how to claim ITC on F&B item as no ITC is allowed if GST charged is 5% but package sales include breakfast\/lunch\/dinner & GST charged is 12\/18%
\nmy 2nd query is Hotel<\/p>\n
= = = = = = = =<\/p>\n
Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n with per day transaction value more than ₹ 7,500\/- you need to discharge GST @ 5% without any ITC and also treat the same as exempt supply for the purpose of Rule 42 & 43 of CGST rules. i.e. reversal of ITC relating to ITC. – refer notification no. 13\/2018 CT(R) dated 26.07.2018. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" ITC on inputs by Hotel having restaurant also Query (Issue) Started By: – IRFAN MALIK Dated:- 17-2-2019 Last Reply Date:- 18-2-2019 Goods and Services Tax – GSTGot 2 RepliesGSTQuery relating to ITC on F&B material purchased by hotel (having restaurant): I have a hotel with restaurant in its premises. Following are GST sales:- 1. Accommodation … Continue reading “ITC on inputs by Hotel having restaurant also”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-16816","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/16816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16816"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/16816\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
For full text:-Visit the Source <\/a><\/p>\n
\nHence in your case, avail the entire ITC of food and beverages and reverse the ITC related to 5% outward supply based on Rule 42 & 43 of CGST rules.
\nReply to Q.2 –
\nIn light of the notification no.13\/2018 CT(R) dated 26.07.2018 you have to charge 5% GST on supply of food and beverages services without availing ITC. However, based on the CGST Amendment Act,2018 w.e.f 01.02.2018, you can avail the ITC on such supplies to employees provided the same is mandat<\/p>\n
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