Poonawalla fincorps
Poonawalla fincorps

Input tax credit


23 March 2018 Hello Experts,

My client is in Actors Profession . My query is can he get input tax credit On Cosmetic , Hotel Bills , Travelling . Because he taking all above for not personal use .

23 March 2018 Yes subject to section 16 and section 17.

23 March 2018 But for ITC he has to give GST NO .


23 March 2018 Yes, your client must have taken the registration if he is paying gst. You client is supposed to provide his GST no to all the suppliers and all supplies shall be considered as B2B



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