input tax credit

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ca articled clerk
36 Points Posted on 16 March 2018
Whether itc on food and accommodation available if its composite supply and single bill is issued
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On 16 March 2018 at 16:42 Report
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CA Student
1683 Points Posted on 16 March 2018
No, if you are composite dealer you can not enjoy benefit of RCM.
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On 16 March 2018 at 16:54
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Deputy Manager -Finance
328 Points Posted on 16 March 2018
Food no ITC. Accommodation ITC available
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On 16 March 2018 at 17:07
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FINANCIAL ACCOUNTANT
458 Points Posted on 16 March 2018

Yes you can take the ITC for food and accomodation under composite supply...  Full itc  will get under  this composite supply... Claim that...  smiley

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On 16 March 2018 at 17:26
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student
411 Points Posted on 16 March 2018

AS PER SEC 17(5)(B) IF FOOD IS AN ELEMENT OF TAXABLE COMPOSITE SUPPLY THEN ITC IS AVAILABLE

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On 16 March 2018 at 19:04

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