Question ID :
38008
Input Tax Credit.
Whether annual functions expenses in which staff is awarded based on performance shall be eligible to get ITC. Here annual function expenses include choreography fees , Stage preparation expenses, cost of award /shield. Etc.
Posted by
MASHENDRA KUMAR MASHI
on
Feb 27, 2019
Filed Under
GST
Yes, Input Tax Credit should be allowed.
Posted by
Ashish Kumar Goyal on
Feb 28, 2019
Answer ID :
76324
no based on nature of expenses illustrated by you Input Tax Credit will not allowed.
Posted by
CA. JHA SHANKAR KUMAR on
Feb 28, 2019
Answer ID :
76338
Input tax credit can be availed as it is incurred in the course or furtherance of business.
The restriction is there for personal consumption which is not there in your case.
Posted by
RAJESH MADDI on
Mar 06, 2019
Answer ID :
76344
no.
Posted by
CA. JHA SHANKAR KUMAR on
Mar 07, 2019