ITC Eligibility on Event Management Service
This query is : Resolved
02 June 2022
Sir,
I have organized an event in my company connected with inauguration of a new division together with food and catering service. I am doing business in the field of building material. Invoice was issued by the party with GST and mentioning service was "Food and Service and Event Co-ordination. Confirm whether I am eligible to take credit of ITC?.
I have organized an event in my company connected with inauguration of a new division together with food and catering service. I am doing business in the field of building material. Invoice was issued by the party with GST and mentioning service was "Food and Service and Event Co-ordination. Confirm whether I am eligible to take credit of ITC?.
02 June 2022
Input credit on food and beverage is restricted under section 17(5). Therefore, you will not be allowed to take the credit on Food and beverage . Input credit on event co-ordination service will also not be allowed as it doesn't have direct nexus with your outward supplies. I hope it clarifies.
Thanks,
Rajbir Yadav
Thanks,
Rajbir Yadav
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Showing Gift from relative in ITR for this year
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- NON- SUBMISSION OF LLP FORM 3
- Last year TDS Claim
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
