Goods and Services Tax – Started By: – Vishal Soni – Dated:- 30-7-2018 Last Replied Date:- 31-7-2018 – 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? – Reply By SHIVKUMAR SHARMA – The Reply = No, ITC Not available on Item Given as gift. – Reply By A
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