Can I take ITC on business travel
air expenses
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ITC on business travel expenses
Replies (11)
Yes, you can take no issue
Yes sir you can. Make sure you provide your GSTN to the airways.
yes u can take agree with dhiraj and jatin
Thank you all
but one query i have is
does conveyance u/s 17(5) covers these type of business travel expenses or not??
but one query i have is
does conveyance u/s 17(5) covers these type of business travel expenses or not??
No, Sec 17(5) does not covers these type of business travel expenses.
You can avail ITC for the same.
You can avail ITC for the same.
ITC would be available if the journey has been undertaken in the course of business or in furtherance of business.
Also invoice must bear gstin and company name in it for claiming ITC.
Also invoice must bear gstin and company name in it for claiming ITC.
@ Rakesh Karn
Yes you are correct travelling expenses are block U/S 17(5) , but if it' is paid for Taxi fare .(Rent a cab)
Hence In your case for only on air tickets you can claim ITC , not for lodging & food.
Yes you are correct travelling expenses are block U/S 17(5) , but if it' is paid for Taxi fare .(Rent a cab)
Hence In your case for only on air tickets you can claim ITC , not for lodging & food.
Then what if i hire a car other than rent a cab for business purpose,whether itc on such exp is available or not
And whether "conveyance" under point 1 of sec 17(5) covers travelling expenses other than rent a cab or not
And whether "conveyance" under point 1 of sec 17(5) covers travelling expenses other than rent a cab or not
NO ITC AVAILABLE ON HIRING CAR ......
IN S.NO.1. OF SECTION 17(5) , DEFINES THAT ITC CAN BE CLAIM ON VEHICLE PURCHASE ONLY IF IT IS FURTHER SUPPLY OF SUCH VEHICLE/CONVEYANCE
*HERE CONVEYANCE MEANS THE VEHICLE ONLY
Business Tour Can ITC claim
Can a normal business entity take ITC of Pakaged tour Invoice and what is the notification no.?
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