Manoj Pandey (Finance Manager) (80 Points)
09 January 2019
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 09 January 2019
Yes GST credit can be taken on lodging but not on restaurant but it can be claimed as expense
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 10 January 2019
The ITC, in general, is available for any GST paid on services/ goods used for the furtherance of business. [ sec16(1) & 18(1)] The office outing is a morale / team building activity which leads to OR INTENDED TO LEAD TO much better employee relations. Nexus to business not in doubt. For confirmation also allowable under Sec 37 of the IT Act.
There are some restriction in Sec17(5) relating to supply of food & beverages. However, if the outing is arranged as a package by a hotel or event or tour manager then initially they can avail this credit [ reduce their cost] and you would be able to avail the credit for the event/ tour.
Praveen pandey
(accountant)
(22 Points)
Replied 23 March 2019
WHAT IS CONCLUSION CAN CLAIM ITC ON BUS HIRE EXP OR NOT
PRABIR PAUL
(*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.)
(1443 Points)
Replied 23 March 2019
ITC on lodging available but fooding not available.
shailaish garg
(Article)
(52 Points)
Replied 09 October 2019
if that event to be happened along with family ... can we take ITC ???
CAclubindia
