A company had held a party for its dealers in Diwali for completing their targets and celebration in a banquet hall along with food. The hotel has charged invoice for buffet dinner and charged gst on same.
Can we claim ITC of such GST?
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Itc on food available or not
Replies (4)
Since the company is not making a further supply of such service, it will not get ITC. However, if it further collects money from the employees to organise this event, ITC will be available.
ITC not available for above said details.
No no itc available as block under section 17(5)
ITC not available on food and beverages as it is Blocked u/s 17(5) of CGST Act 2017.
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