Gstitc

Dear Experts

1)- when staffs charge ta bill then hotel bill itc can we claim which was used by staffs for company perspose ?
2)-Flight Ticket itc can we claim if directors going to foreign for investors meeting regarding company ?
3)-Can we claim itc on festival sweets purchase like Diwali, holi?
4)-Can we claim on advertisement like facebook, whatsup, Naukri.com, linked, which was used for company purpose

Note-above expense under Agriculture business
Replies (2)
Quick Summary
This discussion clarifies the eligibility of Input Tax Credit (ITC) for various business expenses. It confirms that ITC can be claimed on travel and accommodation bills for staff and directors attending company-related foreign meetings. However, ITC is generally not claimable on festival-related purchases like sweets for Diwali or Holi, as these are considered personal expenses. Advertising costs for company purposes, such as on platforms like Facebook, WhatsApp, and LinkedIn, are eligible for ITC, especially within the agriculture business sector.

1) Yes
2) Yes
3) No, it is generally not possible to claim ITC for expenses related to festivals or celebrations, such as the purchase of sweets for Diwali or Holi. These types of expenses are considered to be personal in nature and are not eligible for ITCs.
4) Yes

Thanks

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