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ITC AVAILING ON TOUR OPERATOR FOR PROFESSIONAL SERVICES

nataraj k (ACCOUNTANT) (25 Points)

09 January 2020

Sir/Madam,

In GST we fall under Tour operator services and we are falling under 5% GST without ITC .

we want to know on professional fee what we pay can we avail ITC on this?? Please help us with your valuable suggestions.

URGENT URGENT

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3 Replies

CA Ankith Jain (Chartered Accountant) (973 Points)
Replied 10 January 2020

No you cannot take ITC, as you are paying 5% without ITC.

However if u have other service also like other than tour operator service then u can claim ITC.

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Pankaj Rawat (GST Practitioner) (55057 Points)
Replied 10 January 2020

As per Notification 1/2018 CT (R) , no you cannot claim ITC on professional fee paid.

Note : Can claim ITC on supplies from same line business

CA SANDESH MAHIPAL (Practicing in GST and MSME ) (1985 Points)
Replied 11 January 2020

As my other friends suggested, one can opt to pay GST @ 5% only with condition that ITC will not be availed. so even if you pay GST on professional services you cannot avail ITC of the same. hope your query has been answered.