Outdoor catering service

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Respected Experts, We have manufacturing unit and we are running our canteen by a outdoor caterer.AS we are not able to take credit of outdoor catering service,I wan your input on below suggestion if we can use- 1. Can we purchase all material used in canteen in the name of our unit and only service portion is done by outdoor caterer. 2. If we purchase all material than can we able to take cre .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... dit on canteen material purchase or is it fall under category of furtherance of business. - Reply By KASTURI SETHI - The Reply = Not possible. - Reply By Ganeshan Kalyani - The Reply = Is this your main business. One of the condition for input tax credit is purchases should be in course of or furtherance of business. - Reply By KASTURI SETHI - The Reply = To establish furtherance of busines .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... s in this aspect is a hard nut to crack. - Reply By venkatesan natesan - The Reply = Manufacturing Unit , running the canteen at company premises , and the input tax credit ( ITC ) is allowed under GST. - Reply By Yatin Bhopi - The Reply = Dear expert, As per section 17(5) (b) of GST Act there are specific restriction on ITC on food and beverages, outdoor catering etc. even though all .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... expenses are for business purpose and it is mandatory to maintain Canteen in factory as per Factories act 1948. ITC will not be available. Please share your views - Outdoor catering service - Query Started By: - yateen vyas Dated:- 26-6-2017 Goods and Services Tax - GST - Got 5 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management In .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... dia - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X