our company is in Mumbai
director had travelled to Delhi for exhibition and travelled in Delhi by taxi. provided bill with Igst 5%.can I claim itc
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itc on taxi charges
Replies (4)
Blocked u/s 17(5)(b)(iii) of CGST Act
"rent-a-cab, life insurance, health insurance except where
(A) the Government notifies the services which are obligatory for an employer to provide to its employees under any law for the time being in force; or
(B) such inward supply of goods or services or both of a category is used by a registered person for making an outward taxable supply of the same category of goods or services or both or as part of a taxable composite or mixed supply"
No Sir....
Since it is specifically Blocked u/s 17(5) of CGST Act 2017.
Refer Deepak Sir's explanation.
Since it is specifically Blocked u/s 17(5) of CGST Act 2017.
Refer Deepak Sir's explanation.
can we claim ITC for air fare and insurance employee paid
On air tickets you can claim ITC , but not for the insurance employee
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