Dear Sir,
if we purcahse goods from Walmart Best price wholesale company under Tax invoice with our gst Number as for
labour welfare or business promotion expenses items like busicuit, tea, coffee ,Cold drinks, food items ,now the question arise can we take GST ITC in our books or the GST charge in bill will be not iligible for ITC.
regards
Saurabh jain
9219565794
saurabhmeerut @ ymail.com
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purchase goods from Wallmart Best price wholesale company
Replies (3)
No you cant....
As per Sec 17(5) no ITC available for food & beverages......
As per Sec 17(5) no ITC available for food & beverages......
if we purcahse these goods and book these expence in business promotion expenses or Labour welfare expenses account ithen itc is eligible
Then also no exempetion available as it is clearly memtioned in sec 17
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