How can GST credit on hotel bills when company is located in different state?

The place of supply will always be the state/union territory where the hotel is located even if the guest is a registered person and has GSTIN of another state. The hotel in Jodhpur charged SGST and CGST and issued a bill with the guest GSTIN. In such a case the registered person can take input tax credit of GST paid.

Can input tax credit be carry forward in GST?

Input Tax Credit can be availed by a registered person only if all the applicable particulars as prescribed in the Invoice Rules are mentioned in the Invoice. If the tax paid on inputs is more than the tax paid on output, the ITC can either be carried forward or claimed as refund.

Is place of supply mandatory in GST invoice?

It is therefore, instructed that all registered persons making supply of goods or services or both in the course of inter-State trade or commerce shall specify the place of supply along with the name of the State in the tax invoice.

Can we claim input GST on hotel bills?

Yes you can claim ITC on hotel bill ( not food expenses only stay bill ) provided you are having your GST registration in the same state .

Is ineligible for input credit?

Ineligible ITC under GST Section-17(5) As per section 17(5) of CGST Act 2017, there is an entire class of cases, goods & services for which the ITC remains blocked, such Input Tax Credit is called ineligible or blocked credits under GST.

What is input tax credit in GST?

Input credit means at the time of paying tax on output, you can reduce the tax you have already paid on inputs. Say, you are a manufacturer – tax payable on output (FINAL PRODUCT) is Rs 450 tax paid on input (PURCHASES) is Rs 300 You can claim INPUT CREDIT of Rs 300 and you only need to deposit Rs 150 in taxes.

How do I get GST input credit?

Basic Requisites / Conditions for Claiming Input Tax Credit (ITC)

1. One must be registered under GST Law.
2. A tax invoice or debit note issued by the registered supplier showing the tax amount.
3. Goods or services must have been received.
4. Supplier should have filed returns and paid such tax thereon to the government.

Who can avail the benefit of input tax credit ITC under the GST?

Input Credit Mechanism is available to you when you are covered under the GST Act. Which means if you are a manufacturer, supplier, agent, e-commerce operator, aggregator or any of the persons mentioned here, registered under GST, You are eligible to claim INPUT CREDIT for tax paid by you on your PURCHASES.