26 March 2019
"ABC & Co." paid Rs 10 Lakhs+5% GST to "Travels Ltd" for Private tour of its Sales Partner and Authorized dealers, my question is whether "ABC Ltd" is eligible to take ITC @5% paid on Rs.10 Lakhs to Travels Ltd ?
27 March 2019
Thanks, Please clarify, as per Section 17 (5) (b) (iv) states "travel benefits extended to EMPLOYEES on vacation such as leave or home travel concession"
In my case there is no employer-employee relationship between ABC and its Sales partner/authorized dealers, but ABC is sponsoring family tour of each of its dealers and sales partner (in group) who achieved the prescribed target.
Dealers and sales partner are receiving commission from ABC and also profit on sale of its product with small margin.
CAclubindia
