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ITC ON AIR TICKET

15 June 2018

Director & Employees of the PVT Ltd company travel within India or abroad. Tickets are booked thru travel agent . GSTIN of company is mentioned .
whether ITC is allowed?

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3 Replies

Jatin (Accountant) (3479 Points)
Replied 15 June 2018

Yes, You can avail ITC if business purpose

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yash varshney (Pro) (248 Points)
Replied 15 June 2018

Yes absolutely available..

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.