Itc
This query is : Resolved
Sabita Sahoo
(Querist)
12 September 2017
As per sec 17(5),ITC shall not be allowed on food & beverage.Can itc on the expenses incurred on purchase of tiffin and tea from unregistered supplier be allowed or not?
CMA Ramesh Krishnan
(Expert)
12 September 2017
ITC for foods & beverages not allowed in RCM also
Sabita Sahoo
(Querist)
13 September 2017
But another CA replied that petty expenses on account of tea and tiffin purchased for office staff is eligible for RCM above Rs.5000
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