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input gst credit on food item

RAJU MEDAR (ACCOUNTANT) (110 Points)

11 January 2019

sir

we have purchase purchased dry foods for gifting our client for diwali

i csn get input on same

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3 Replies

Mohit lodhi (student) (952 Points)
Replied 11 January 2019

No, you can not take the ITC on the same.

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Vinod Babu (24191 Points)
Replied 11 January 2019

Expenses relating to food, beverages and outdoor catering can be claimed as input tax credit only when inward supply of goods or services or both of a particular category is used by a registered person for making an outward taxable supply of the same category of goods or services or both or as an element of a taxable composite or mixed supply. Hence, regular taxpayers would not be eligible for claiming input tax credit on expenses relating to food, beverages and catering.