whether ITC of outdoor catering services are eligible. We are a iron and steel manufacturer. Answer: Pl see section 17(5)(b) of CGST Act Section 17(5)(b) of CGST Act 2017…. , input tax credit shall not be available in respect of the following, namely:— …. (b) the following supply of goods or services or both:— (i) food and beverages,… Read More »
whether ITC Rent-A-Cab services are eligible. We are a iron and steel manufacturer. Answer: Pl see section 17(5)(b) of CGST Act Section 17(5)(b) of CGST Act 2017…. , input tax credit shall not be available in respect of the following, namely:— …. (b) the following supply of goods or services or both:— — (iii) rent-a-cab, life insurance and… Read More »
Are expenses on “Gifts bought for clients/ customers on Diwali” – termed as “Diwali Expenses” eligible for ITC for business firm? Answer: Pl see section 17(5)(h) of CGST Act Section 17(5)(h) of CGST Act 2017…. , input tax credit shall not be available in respect of the following, namely:— …. h) goods lost, stolen, destroyed,… Read More »
Can ITC be availed on purchase of Trailer by a logistic company involved in transportation of goods ? Answer: It can be availed. Pl see section 17(5)(a)(ii) of CGST Act. Section 17(5)(a) of CGST Act 2017…. , input tax credit shall not be available in respect of the following, namely:— …. (a) motor vehicles and other… Read More »