if we received food expenses bill on the company name and GST number
can we claim input tax credit on that bill?
6 Replies
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 22 April 2019
No... ITC not available on Food & Beverage...
Ubaid Ghori
(12 Points)
Replied 22 April 2019
As per Sec 17(5) No Itc Can be Claimed on Food & Beverages as it is a Block Credit
Ravi Kumar Jha
(Accountant)
(32 Points)
Replied 23 April 2019
No .....as per sec 17 (5) block ITC on Food & Beverages.
Satya N Dharani
(Finance Professional)
(491 Points)
Replied 23 April 2019
But if the goods and/or services are taken to deliver the same category of services or as a part of a composite supply, credit will be available
Naveen Dubey
(CA FINAL)
(2 Points)
Replied 17 August 2019
I HAVE DISTRIBUTE SWEET TO EMPLOYEE ON DIWALI OCCASION,CAN I CLAIM ITC ON IT
Satya N Dharani
(Finance Professional)
(491 Points)
Replied 17 August 2019
Answer to the above is that Section 17(5) (b) (i) specifically restricts the input tax credit with respect to food and beverages which means it is a blocked credit.
Hence any sweets or beverages bought for workers/employees shall not be eligible for claiming input tax credit.
Recent Topics
- Property late registration selling now
- REQUIRED DELHI BASED LOGISTICS COMPANY 2 YRS OLD
- Rebate under 87A - STCG right to property
- GST RFD-01
- Profit & Loss Statement Analysis: Gross Profit
- Response to defective return notice in case of 139
- Capital loss for surcharge purchase?
- RCM on certain expenses under Sec.9(3) and 9(4)
- CPA to Company Registration Services for USA
- RCM RELATED TOPIC
Related Threads
CAclubindia
