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

[Ganeshan Kalyani]

ITC is disallowed as it may be covered under section 17(5) of CGST Act.

[DR.MARIAPPAN GOVINDARAJAN]

If it is for furtherance of business it is allowed.

[Ganeshan Kalyani]

Will this not cover under personal consumption.

[KASTURI SETHI]

In pre-GST era, credit was allowed as input service on this issue. There are many case laws in favour of assessees.

AI Summary

Input tax credit availability for employee event expenditures contested between personal consumption exclusion and business furtherance eligibility.
Whether input tax credit can be claimed for tent hire and banner charges for an employees' annual function is contested: one position treats such expenses as personal consumption and disallows credit, another allows credit if incurred for furtherance of business, while pre-GST practice and some case law considered similar event-related outlays as allowable input services.