Availability of ITC
Ujwala Tarate (39 Points)
01 December 2017
Whether input tax credit is available on Diwali expenses .
3 Replies
Suvabrata Roy
(Lawyer)
(62 Points)
Replied 01 December 2017
Yes if you can show that Diwali expenses were incurred in the course or furtherance of your business and were not used for your personal consumption.
Narayan Shivhare
(204 Points)
Replied 02 December 2017
YES, U HAVE TO THINK ALSO THAT RCM ON EXP IS DEFERED FROM 13 OCT, SO U NEED TO THINK ABOUT DATES ALSO FOR OTHER EXPENSES.
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