ITC TO BE TAKEN ON VARIOUS SERVICES


This query is : Resolved 

Quick Summary
This discussion clarifies the eligibility of Input Tax Credit (ITC) for various business expenses. Generally, ITC can be claimed on air tickets for directors and employees for business purposes, hotel room rent (regardless of state), office internet services, and insurance/repairs for lorries used in goods transportation. However, ITC is typically not claimable on the insurance and repair of cars.

10 October 2020 Dear Experts,

Can we take ITC on below various service which we avail generally :-
1) Air ticket of Director for business purpose only.
2) Air Ticket of Employees for business purpose only.
3) Hotel Room Rent paid (hotel is in difference state)
4) Hotel Room Rent paid (hotel is in the same state)
5) Internet Service for Office
6) Insurance of Lorry for goods transportation.
7) Repair & Maint. of Lorry
8) Insurance & Repair of Car

Please guide.

Rakesh Sharma


10 October 2020 3 and 8 NO, all others yes.

10 October 2020 Thanks a lot sir for your prompt reply

10 October 2020 Always press like if you are satisfied with reply


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