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Input tax credit availment

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satender

non

88 Points Posted on 02 October 2020

We are a company and providing lunch facility to our staff (permanent & off role both) on chargeable basis. we are charging 20 rupees per day basis from employees CTC slaries. Lunch provider charging GST on his bills. Can we take input of the GST in our GST3B return. plz reply. It is allowed in IT.

Replies (2)

Quick Summary

This discussion explores the eligibility for input tax credit (ITC) on GST paid for staff lunch facilities and transport services. The company charges employees a nominal fee for lunch and provides bus services, with GST applied by the vendors. The core question is whether ITC can be claimed on these expenses, considering Section 17(5)(b)(i) of the GST law which generally disallows ITC on food, beverages, and conveyance unless legally obligatory for the employer.

nayeem hasan

Accountant

22 Points Posted on 03 October 2020

Acording to section 17(5) (b)i input tac credit in respect of food and beverages shall not be available

but input tax credit in respect of such goods and service or both shall be available where it obligatory for an employer to provide the same to its employees under any law for the time being in force

satender

non

88 Points Posted on 04 October 2020

We are a company and providing bus (Cab) Service to our employee (Permant & off role) to come and go to office and home. So then in this case can we availed input Gst credit in GStR 3B. Whether Travel agent is charging Gst on his bills.