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ITC on Food Expenses incurred in connection with business promotional activities, Goods and Services Tax - GST |
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ITC on Food Expenses incurred in connection with business promotional activities |
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As per section 17(5)(b)(i) of CGST Act, 2017, ITC is no allowable on supply of Food & Beverages etc., however if any business concern incurs expenses for business promotion in form of gift of dry fruits, which are to be distributed to their clients whether ITC will be available in that case? Posts / Replies Showing Replies 1 to 5 of 5 Records Page: 1
No, ITC Not available on Item Given as gift.
As per Sec 17(5) of CGST Act - ITC will not be available on -Goods lost, stolen, destroyed, written off or disposed of by way of gift or free samples
Also please refer Issue Id: - 113894 of this Forum.
ITC is not eligible.
Specifically disallowed in the Act. Page: 1 Old Query - New Comments are closed. |
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