Paid for bedsheet, pillow rent for particular function also paid catering charges, DJ charges, printing of invitation card and 30 tanks of water.
It was done with intention of giving and treat to their employees and for business promotion.
Does it has any RCM provision??
Can I claim ITC on it??
What will be the heads of above mention expenses are they direct or indirect or asset or liability??
Heads (Group) of Expenses
Replies (1)
No you cannot claim ITC as it's block U/s 17(5) as Food & beverages.
So on food & refreshments portion , ITC cannot be claimed.
So on food & refreshments portion , ITC cannot be claimed.
Recent Topics :
- Bill-to-ship-to material at client site, project c
- Export previously now to be considered domestic sa
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
CAclubindia
