if we received food expenses bill on the company name and GST number
can we claim input tax credit on that bill?
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ITC claim on food expenses
Replies (6)
No... ITC not available on Food & Beverage...
As per Sec 17(5) No Itc Can be Claimed on Food & Beverages as it is a Block Credit
No .....as per sec 17 (5) block ITC on Food & Beverages.
But if the goods and/or services are taken to deliver the same category of services or as a part of a composite supply, credit will be available
I HAVE DISTRIBUTE SWEET TO EMPLOYEE ON DIWALI OCCASION,CAN I CLAIM ITC ON IT
Answer to the above is that Section 17(5) (b) (i) specifically restricts the input tax credit with respect to food and beverages which means it is a blocked credit.
Hence any sweets or beverages bought for workers/employees shall not be eligible for claiming input tax credit.
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