SANDHYA SHINGTE (PARTNER) (57 Points)
17 March 2018
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 17 March 2018
YES, THE INPUT TAX CREDIT ON OUTDOOR CATERING SERVICES CANT BE TAKEN
abhilash
(student)
(411 Points)
Replied 17 March 2018
itc of foods and beverages is in blocked credit sec 17(5)... so u cannot avail itc
But if the food was served as the part of composite supply then you can avail itc... as per your case rent for hall rent and food would be a composite supply so you can avail itc
Kamal Kumar
(Manager Accounts)
(88 Points)
Replied 17 March 2018
Dear Sandhya,
Yes, the input tax credit for above mention transaction is blocked u/s 17(5)
Thanks
Kamal Kumar
(Manager Accounts)
(88 Points)
Replied 17 March 2018
Dear Sandhya,
Yes, the input tax credit for above mention transaction is blocked u/s 17(5)
Thanks
CAclubindia
