Hello Sir
A Company is receiving Canteen services for which every month paying Rs. 1,00,000+ GST @ 18%
Request you to advise if this inward service is eligible to get ITC
Thanks
1 Replies
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5950 Points)
Replied 15 January 2025
Eligibility for ITC As per Section 16 of the CGST Act, 2017, ITC is eligible for:
1. _Business purposes_: Inputs or input services used or intended to be used for business purposes.
2. _Taxable supplies_: Inputs or input services used to make taxable supplies.
Canteen Services and ITC Eligibility Canteen services are considered as:
1. _Input services_: Canteen services are input services used for the benefit of employees.
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