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Gst input tax credit for
Do we get input tax credit on eatings in restuarants ??
Replies (2)
yes if specify that activity do for business work
Under GST law; expenditures on food and beverages for whatever purpose will not qualify for credit. That extends to outdoor catering services, including restaurants, banquets, etc. Thus a sizeable portion of business expenses for many companies (e.g., taking a client or a prospect out to dinner) is falling out of the credit net.
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