Input tax credit
This query is : Open
23 March 2018
Hello Experts,
My client is in Actors Profession . My query is can he get input tax credit On Cosmetic , Hotel Bills , Travelling . Because he taking all above for not personal use .
My client is in Actors Profession . My query is can he get input tax credit On Cosmetic , Hotel Bills , Travelling . Because he taking all above for not personal use .
Kapil Pathak
(Expert)
23 March 2018
Yes subject to section 16 and section 17.
23 March 2018
But for ITC he has to give GST NO .
Kapil Pathak
(Expert)
23 March 2018
Yes, your client must have taken the registration if he is paying gst.
You client is supposed to provide his GST no to all the suppliers and all supplies shall be considered as B2B
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