Input credit allowed

[Davinder Singh]

Dear Experts

Kindly confirm the Input credit allowed against the followings

1. Expenses paid for staff welfare like Food Exp. , Hotel Bill, and factory canteen exp.

2. Building Repair Expenses

3. Printing & Stationery expenses

4. cab on rent expenses

Kindly Provide the specific proof to availing the above said expenses

thx. regard

[Ganeshan Kalyani]

ITC on factory canteen and printing and stationery is an eligible credit provided the outward supply is taxable.

[KASTURI SETHI]

Dear Querist,

Read Section 17(5) of CGST Act, 2017. It is very much clear.

AI Summary

Input tax credit eligibility: factory canteen and printing & stationery allowed when outward supply is taxable.
ITC on factory canteen expenses and printing and stationery is allowable provided the outward supply is taxable; Section 17(5) of the CGST Act is cited as the relevant provision imposing statutory exclusions that may affect other expenses such as staff welfare, building repairs, and rented cab services.