One client doing business of fabrication stall making for his client, our client taken security service for event and paid gst to the vendor, can our client take ITC on security service received for events?
Menu
ITC availment relationship
Replies (1)
Yes, ITC on security service is generally available if the event is held in the course or furtherance of business and the other conditions of Section 16 are fulfilled. Security service is not specifically covered under blocked credits of Section 17(5). However, if the event is personal / non-business in nature, ITC should not be claimed.
Recent Topics :
- Utilising Section 54(F) for capital gains reinvest
- GST ewaybill closure and Bill to ship to GST numbe
- TDS ON PARNTER INTEREST
- Share important chapters of ca inter costing
- Free CA Foundation Study Material - PYQs with Sugg
- INCOME TAX
- Moving from old to new tax regime after notice
- Need urgent help on notice
- ITR-3 - F&O Loss adjusted against business inc
- Error - Blank Rows in Schedule SI (ITR-2)
Related Topics :
CAclubindia
