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Input tax credit
A seminar conducted in a hotel for which they issued a bill charging Rs. 20,133 as hall with food charges. GST charged on this invoice can be taken as input tax credit by insurance co. or not
Replies (4)
Maybe,you take itc on hall charges,not claim itc on food charges.
Yes, it can be claimed I think so far but not sure.
Explain Nature of Seminar
•Use of input tax credit
•For Business purposes
•ITC Available
“input service” means any service used or intended to be used by a supplier in the course or furtherance of business
If You can not availed ITC on Food and Beverages as per Sec 15 (5) and if he charge Hall rent service separately than you are eligible Hall rent ITC , service used as furtherance of business
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