Itc query
This query is : Resolved
K Kasiraman
(Querist)
28 November 2017
Dear Sir,
We have conducted the sales meet at hotel, in this hotel has given the bill to Rs.253000/- with GST it included food and bevarges, liquor and staying expenses.
can we avail the ITC bill is in the name of company name.
We have conducted the sales meet at hotel, in this hotel has given the bill to Rs.253000/- with GST it included food and bevarges, liquor and staying expenses.
can we avail the ITC bill is in the name of company name.
CA R SEETHARAMAN
(Expert)
28 November 2017
ITC on food, beverages and liquor not available.
K Kasiraman
(Querist)
28 November 2017
Sir,
It is a business meeting held with our sales managers, we use to conduct like this only every year. Hotel is providing the bill with gst and in annexure it shows the lunch details, cocktail details etc.,
It is a business meeting held with our sales managers, we use to conduct like this only every year. Hotel is providing the bill with gst and in annexure it shows the lunch details, cocktail details etc.,
CA R SEETHARAMAN
(Expert)
28 November 2017
See ITC rules, ITC on food items of personal consumption not available.
anshul aggarwal
(Expert)
28 November 2017
You can only claim ITC of staying expenses. All other ITC not allowed.
anshul aggarwal
(Expert)
28 November 2017
Also your company GSTIN should be mentioned on the bill.
31 October 2026
Besides accommodation, GST on the conference hall hire and audio-visual services, if billed separately, is also creditable; liquor is outside GST (state VAT/excise), so no ITC arises on it, while food and beverages stay blocked under Sec 17(5)(b).
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