is guest food expense allowed or disallowed
4 Replies
Sumit Sarswat
(Student)
(3154 Points)
Replied 28 December 2018
if it is related to business then it is allowed
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 28 December 2018
Yes... It's allowed if it's related to business and You can book it as "Business Promotion"
naveenboy72@gmail.com
(29 Points)
Replied 28 December 2018
u can not claim ITC in GST but u can claim it in p and l a c in income tax books
Aman Kumar
(Accounts Executive)
(744 Points)
Replied 28 December 2018
You Cannot Claim ITC,but you Booked as per Business Promotion/Sales Promotion
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