Ineligible ITC
Sandeep Sharma (Accounts executive) (552 Points)
12 May 2019
Do we need to show IneligibleGST ITC in GSTR3B or we can directly deduct it from input GST??
3 Replies
Sandeep Sharma
(Accounts executive)
(552 Points)
Replied 12 May 2019
We are in hotel business. We are now allowed to take ITC for restaurant purchase. But we take input on all bills. So my question is do we need to show ineligible ITC in GSTR3b or we can deduce it from input Gst??
Vinil Krishna
(Audit Manager)
(37 Points)
Replied 13 May 2019
For hotel business, GST paid on purchases directly related to production of output is eligible for claiming ITC..
So only eligible is called ITC.. Rs. 40,000
Bal you need not show Rs. 80,000 out of Rs. 1.20,000
So only eligible is called ITC.. Rs. 40,000
Bal you need not show Rs. 80,000 out of Rs. 1.20,000
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