CAN ITC BE CLAIMED BY PURE AGENT

I AM DOING TRAVEL BUSINESS ONLY ON PURE AGENT BASIS. AND I ALSO TAKE SERVICES OF PURE AGENTS.ACTUALLY, I DONT BOOK HOTELS DIRECTLY, I TAKR HELP OF OTHER TRAVEL AGENCIES. CAN I CLAIM ITC ON SERVICES CHARGES ON SERVICES WHICH I RECEIVE..CAN I CLAIM ITC ON MY OFFICE, STATIONARY, BANK CHARGE EXPENSES
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Quick Summary
This discussion clarifies whether a pure travel agent can claim Input Tax Credit (ITC) on services received from other travel agencies, as well as on office stationery and bank charges. The consensus is that ITC can be claimed on all expenses incurred for business purposes, excluding personal expenses. Specifically, bank charges may have a claim limit, while other business-related expenses are generally eligible for full ITC.

As all the services claimed was in respect of your business you can claim ITC for such expenses.

You can avail ITC which is related to your business purpose except personal expenses.

Bank Charges ITC could be claim upto 50% rest of them 100% 

 

Input tax credit can be claimed provided it's used for the severance of business.

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