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.
\nCan I avail Input Credit on these bills
\nReply By YAGAY and SUN:
\nThe Reply:
\nInput Tax Credit on food expenses may not be eligible u\/s 17(5).
\nReply By Alkesh Jani:
\nThe Reply:
\nSir,
\nI agree with the reply given by our experts and in addition, I would say that ITC taken on gift is required to be reversed.
\nThanks
\nReply By Ganeshan Kalyani:
\nThe Reply:
\nInput tax credit on con<\/p>\n
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