TMI BlogITC on Food Expenses incurred in connection with business promotional activitiesX X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... NITA BHADRA - The Reply = As per Sec 17(5) of CGST Act - ITC will not be available on -Goods lost, stolen, destroyed, written off or disposed of by way of gift or free samples - Reply By ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... SHIVKUMAR SHARMA - The Reply = Also please refer Issue Id: - 113894 of this Forum. - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = ITC is not eligible. - Reply By Ganeshan Kalyani - The Reply ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... = Specifically disallowed in the Act. - ITC on Food Expenses incurred in connection with business promotional activities - Query Started By: - Vishal Soni Dated:- 30-7-2018 Goods and Services Tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - GST - Got 5 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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