28 June 2018
Dear Sir, My question is that is claim available (ITC) against Tax Paid (GST) on Business/Sales Promotion like Hotel Charges, Lunch & Dinner, Purchase Gift Items like Titan Watch, Money purse etc? If yes, what are the criteria? Please describe briefly I not get proper answer from anybody. They say difference view. Pl clarify
28 June 2018
The ITC of GST can be claimed on hotel accommodation charges, purchase of gift items subject to terms and conditions mentioned in ITC chapter. ITC for good (lunch & dinner) not allowable since it is included in blocked credits list.
28 June 2018
Sir I can not understand the line " .....terms and conditions mentioned in ITC chapter". Sir I simple want to know Have we get ITC for purchase ofr gift items for client?