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TMI BlogGST on Business promotion and development expensessX X X X Extracts X X X X X X X X Extracts X X X X ..... I am a distributor of Bathroom fittings. this month I organised a dealers meet. I incurred some expenses on purchases of gift items, booked conference hall and lunch, etc. Can I avail Input Credit on these bills - Reply By YAGAY and SUN - The Reply = Input Tax Credit on food expenses may not be eligible u/s 17(5) . - Reply By Alkesh Jani - The Reply = Sir, I agree with the reply given b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y our experts and in addition, I would say that ITC taken on gift is required to be reversed. Thanks - Reply By Ganeshan Kalyani - The Reply = Input tax credit on conference is also a matter of discussion. If you have held conference in the state where you have GSTIN then credit is eligible. But if conducted in a State where you are not registered then the tax paid is an expense to you . Yes ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as opined by my colleague experts input tax credit on lunch and gift item is not eligible for credit. thanks. - Reply By Ganeshan Kalyani - The Reply = Do not take credit at first and there is no need for reversal of input tax credit obviously. - Reply By PAWAN KUMAR - The Reply = As per my view, goods or services disposed off as free gift is under exclusion clause 17(5)(h), therefore not elig ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ible for Input tax credit. Food items are also not claimable. Now about the gst on conf.hall booking, the place of supply will be location where conf. is held. Since place of supply and location of supplier is in same state, It will be intra-state and will be leviable to CGST+SGST. In such circumstances if recipient is registered in the same state of supplier, Input tax credit is available, other ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... wise it will cost. - Reply By Ganeshan Kalyani - The Reply = Yes rightly explained by Sri Pawan Sir. - Reply By YAGAY and SUN - The Reply = We do endorse the views of our experts. - GST on Business promotion and development expensess - Query Started By: - Satyajit Das Dated:- 23-6-2018 Goods and Services Tax - GST - Got 7 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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