ITC on staff welfare
Vikas Kumar (29 Points)
20 December 2018
ITC avail on staff welfare ie if we r purchased biscuits ,Suger ,tea etc for staff can we input on that items
4 Replies
Aman Kumar
(Accounts Executive)
(744 Points)
Replied 20 December 2018
ITC not available on biscuits ,Suger ,tea
khushboo baheti
(39 Points)
Replied 20 December 2018
As per section 17(5)(b) of CGST Act 2017, ITC cannot be claimed on food and Beverages except in case the entity is engaged in business of further supply of such food and beverages.
pritesh
(CA Final student)
(7101 Points)
Replied 20 December 2018
It is covered under Sec 17(5) blocked credit
Shivam RC
(Student)
(23683 Points)
Replied 20 December 2018
INPUT TAX CREDIT ( ITC ) is blocked on Food and Beverages u/s 17(5) of the CGST Act 2017.
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