one of my client is manufacturing company, one of group company is supplying food and raise invoice for the same under gst rules.
can i take input on the same??
Menu
input credit eligibility
Replies (6)
Food is specifically excluded for claiming credit. Hence cant claim under any case. Refer section 17 of CGST Act.
no you cant avail Itc On food,beverage, refreshment
R/sir, If purchase items for free supply with main billed item then the INPUT credit is available on free supplied items purchased.
no ... itc not avail for free supply ( gift to customer )
per give the section with rule..
section 17(5)(h)
Recent Topic
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
Related Topics
CAclubindia
