Input tax credit

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

22 September 2017 If we're paying GST on expenses (Indirect Expenses) such as stationery, diwali gifts etc., which is not related to producing of material.
Can we claim input tax credit while filing up GST returns?

Ashish Garg

Ashish Garg (Expert)
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22 September 2017 Expenses should be in the course of furtherance of business i. e. One to one correlation with material produced is not required. Further, the itc should not be disallowed under section 17(5) of cgst act.