TaxTMI 
TaxTMI 
Dear Sir,
May we hire an Event management GST registered organization to organize Dealer Meets and Nukkad meeting to be held and debit that amount in PL and claim ITC on such promtional expences.
Dealer Meet / Nukkad Meet
22 Jul 2021 
10 Replies 
5012 Views Asked by
Input tax credit on event management services depends on compliant invoicing and TDS exceptions affecting promotional events.
Eligibility to claim input tax credit on event management services for dealer and nukkad meets hinges on satisfying Sections 16 and 17(5) requirements; event management is a defined taxable service and is generally creditable from a registered supplier. Credit on composite invoices that include food or catering may be challenged unless billed as a single undissected supply with appropriate SAC; TDS under GST applies where contract value exceeds the statutory threshold subject to SOP exceptions such as low-value taxable supply, exempt supplies, reverse charge, unregistered suppliers and specified Schedule III transactions. A written agreement, correct SAC and compliant invoicing are recommended. (AI Summary)
Eligibility to claim input tax credit on event management services for dealer and nukkad meets hinges on satisfying Sections 16 and 17(5) requirements; event management is a defined taxable service and is generally creditable from a registered supplier. Credit on composite invoices that include food or catering may be challenged unless billed as a single undissected supply with appropriate SAC; TDS under GST applies where contract value exceeds the statutory threshold subject to SOP exceptions such as low-value taxable supply, exempt supplies, reverse charge, unregistered suppliers and specified Schedule III transactions. A written agreement, correct SAC and compliant invoicing are recommended. (AI Summary)