gst itc credit

[Madhavan iyengar]

Annual function for employees - tent charges and banner put up of company, whether ITC will be available as credit for banner and tent charges

AI Summary

Debate on ITC for Tent and Banner Charges at Employee Events: Section 17(5) CGST Act Disallows or Permits? A discussion on a forum addressed whether Input Tax Credit (ITC) is available for tent and banner charges incurred during an annual function for employees under the Goods and Services Tax (GST). One participant argued that ITC is disallowed under section 17(5) of the CGST Act, while another suggested it is permissible if it furthers business interests. Another participant questioned if these expenses fall under personal consumption, and a final comment noted that, historically, such credits were allowed as input services before GST, with case law supporting assessees.