11 October 2019
Hi, In hotels can we take ITC of food items they purchased when they charges charge 5%GST on food items to customer and room tariff @ 12% Example : 1 .Purchase oils Rs 5000 @5% = total Rs. 5250 /-
Sale Room tariff @12% say Rs. 5000 @12% = 5600 Food items Say 200@5% = 210 /- Total Invoice = 5810 . My Question is can we take ITs of rs. 250 and can i pay remaining balance GSt i.e Rs. 5560 /- .
If Yes and NO please let me know is any limit for hotels.
CAclubindia
