Dear expert,
our company has organised cricket match for employees In the third party ground now we received the tax bill for following descripttion
is I eligible to take ITC on it?
1.ground fee
2.umpires
3.sound system
4.transport
5.water can
No , You Can not claim Input tax credit, because it is not in the furtherance of Business as per section 16 of the CGST Act . take others opinion as well.
SMJ global advisors pvt ltd
New Delhi
B.Com
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V.K. Ranjan & Co(Chartered Accountants)
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Shyam Joshi & Associates
Pune
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Shaswat initial support private limited
Ahmedabad
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YOGESH KAPOOR AND ASSOCIATES
New Delhi
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CAclubindia
