ITC ELIGIBILITY FOR CORPORATE DAY OUT AMUSEMENT PARK GST

[SAFETAB LIFESCIENCE]

Dear Experts,

We are planning for a Corporate Day out taking all our staff to an amusement park. It is purely a staff welfare activity. Whether we can avail ITC of GST charged by the amusement park for their charges.

AI Summary

Input Tax Credit Not Available for Corporate Day Out: Section 17(5) CGST Act Classifies as Personal Consumption A company inquired about the eligibility of claiming Input Tax Credit (ITC) for GST on expenses incurred for a corporate day out at an amusement park, intended as a staff welfare activity. Experts responded that ITC can be claimed only if the invoice is in the company's name and the expenses are related to business activities, not personal consumption. Under Section 17(5) of the CGST Act, ITC is generally disallowed for personal consumption expenses. Therefore, ITC may not be available for this staff welfare activity as it is considered personal consumption.