ITC ON AIR TICKET
SANDHYA SHINGTE (PARTNER) (57 Points)
15 June 2018whether ITC is allowed?
SANDHYA SHINGTE (PARTNER) (57 Points)
15 June 2018
Jaysingh
(Income Tax GST Assessment Accounting finance)
(39 Points)
Replied 15 June 2018
Sec17(5)(b)(iv) Travel benefit to employee on vacation such as LTC/home travel concession is not eligible for ITC, Else if it is used for furtherance of business ITC is allowed.