if we received food expenses bill on the company name and GST number
can we claim input tax credit on that bill?
kanchan Ambavale (22 Points)
22 April 2019
RAJA P M
("Do the Right Thing...!!!")
(127654 Points)
Replied 22 April 2019
Ubaid Ghori
(12 Points)
Replied 22 April 2019
Ravi Kumar Jha
(Accountant)
(32 Points)
Replied 23 April 2019
Satya N Dharani
(Finance Professional)
(491 Points)
Replied 23 April 2019
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
Naveen Dubey
(CA FINAL)
(2 Points)
Replied 17 August 2019
I HAVE DISTRIBUTE SWEET TO EMPLOYEE ON DIWALI OCCASION,CAN I CLAIM ITC ON IT
Satya N Dharani
(Finance Professional)
(491 Points)
Replied 17 August 2019
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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