ITC on tax paid under RCM

[Guest]

Dear Expert,

We received some food goods (Namkin etc.) and sponsorship services from unregistered person and paid GST under RCM. can we eligible for availed ITC thereon?

Thanks in advance

AI Summary

Eligibility for ITC on GST under RCM: Sponsorship Services Approved, Uncertainty for Food Goods Like Namkin A discussion on a forum addressed the eligibility for Input Tax Credit (ITC) on Goods and Services Tax (GST) paid under the Reverse Charge Mechanism (RCM) for food goods and sponsorship services received from unregistered persons. It was generally agreed that ITC is available for sponsorship services if used for business purposes. However, there was uncertainty and disagreement regarding ITC on food goods like namkin, as they are typically considered for personal consumption. Some participants suggested that ITC is not available for namkin, while others questioned if it could be claimed as gifts to employees, which was refuted.