ITC on Food Expenses incurred in connection with business promotional activities

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..... ITC on Food Expenses incurred in connection with business promotional activities
Query (Issue) Started By: - Vishal Soni Dated:- 30-7-2018 Last Reply Date:- 31-7-2018 Goods and Services Tax - GST< .....

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..... br>Got 5 Replies
GST
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 .....

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..... in form of gift of dry fruits, which are to be distributed to their clients whether ITC will be available in that case? Reply By SHIVKUMAR SHARMA: The Reply: No, ITC Not available on Item Given as g .....

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..... ift. Reply By ANITA BHADRA: The Reply: 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 Reply By .....

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..... SHIVKUMAR SHARMA: The Reply: Also please refer Issue Id: - 113894 of this Forum. Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: ITC is not eligible. Reply By Ganeshan Kalyani: The Reply: Specifi .....

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..... cally disallowed in the Act.
Discussion Forum - Knowledge Sharing .....

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