ITC on train or bus tickets
SOWJANYA M (840 Points)
24 December 2019
can we avail ITC on travelling expenses for official purpose
7 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 24 December 2019
Yes... If ITC is available for the travellings.
Krishna
(Manager - Genesis Tax Consultant)
(531 Points)
Replied 24 December 2019
Yes ITC available on Official trips, but company Pay Train ticket or bus ticket to his employees for vacation, ITC is not available. please refer sec 17(5).
SOWJANYA M
(840 Points)
Replied 24 December 2019
Travelling for official purpose, company is paying ticket charge, ITC is available
Krishna
(Manager - Genesis Tax Consultant)
(531 Points)
Replied 24 December 2019
Yes you can avail ITC
Shivam RC
(Student)
(23683 Points)
Replied 24 December 2019
Yes, you can avail ITC since used in the course or furtherance of Business. Just ensure that all the FOUR CONDITIONS as laid down under Section 16(2) of the CGST Act 2017 is satisfied before claiming it in your GSTR-3B Return.
Manish Sharma
(2 Points)
Replied 01 May 2023
Travelling for official purpose, company is paying ticket charge of Train ticket or bus ticket to his employees,
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