One of my client is tour operator. GST is paid 5% on billing amout without any ITC claim. But other parties are showing supply to him in GSTR2A, resulting in GST credit. What should I do?
6 Replies
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 17 June 2018
5% GST concessional rate will apply on services of tour operators, without ITC benefits
BUT
As per Notification 1/2018 ,Tour operator can claim itc on bill from services avail from other tour operator only
As notification 1/2018 inserted the following to
in notification 11/2017
in serial number 23, against item (i) in column (3), in condition 1 in column (5), after
the words “supplying the service”, the words and brackets “, other than the input tax
credit of input service in the same line of business (i.e. tour operator service procured
from another tour operator)” shall be inserted
So in 2A if its bill from Tour Operator , U can avail ITC , else No
BUT
As per Notification 1/2018 ,Tour operator can claim itc on bill from services avail from other tour operator only
As notification 1/2018 inserted the following to
in notification 11/2017
in serial number 23, against item (i) in column (3), in condition 1 in column (5), after
the words “supplying the service”, the words and brackets “, other than the input tax
credit of input service in the same line of business (i.e. tour operator service procured
from another tour operator)” shall be inserted
So in 2A if its bill from Tour Operator , U can avail ITC , else No
Yog Raj
(Accountant)
(155 Points)
Replied 17 June 2018
I don't wish to availe ITC, but what to do of that ITC which has been given to me by the person whom services I do use to further provide the services to my clients? The ITC showing in GSTR 2A.
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 17 June 2018
Take the ITC & Show the reversal for the same.
CA S Praveen Kumar Reddy
(Chartered Accountant)
(2195 Points)
Replied 17 June 2018
Do reversal of ITC
(Guest)
As notification 1/2018 inserted the following to in notification 11/2017 in serial number 23, against item (i) in column (3), in condition 1 in column (5), after the words “supplying the service”, the words and brackets “, other than the input tax credit of input service in the same line of business (i.e. tour operator service procured from another tour operator)” shall be inserted
There is the word "Shall be inserted" after that no notification received from GST about Tour Operator Same Line Business Input Tax Credit Availability. Pls if you have any notification regarding that share me .
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