GST on Business promotion and development expensess
Query (Issue) Started By: – Satyajit Das Dated:- 23-6-2018 Last Reply Date:- 26-6-2018 Goods and Services Tax – GST
Got 7 Replies
GST
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 by 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 con
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