Input Tax credit eligible for Canteen services provided by an entity (employer) to its employees

Input Tax credit eligible for Canteen services provided by an entity (employer) to its employees https://www.taxtmi.com/article/detailed?id=10521 The Circular clarifies that the proviso to the input tax restriction provision applies to the whole of clause (b), making input tax credit available where an employer is legally obliged to provide the enumerated goods or services to employees, thereby addressing prior advance rulings that denied credit for third party canteen and catering services and reducing dispute risk subject to remaining questions on the precise scope of statutory employer obligations and interaction with personal use exclusions. en-us Wed, 13 Jul 2022 07:56:08 +0530 Wed, 13 Jul 2022 07:56:08 +0530 TaxTMI RSS Generator Input Tax credit eligible for Canteen services provided by an entity (employer) to its employees https://www.taxtmi.com/article/detailed?id=10521 The Circular clarifies that the proviso to the input tax restriction provision applies to the whole of clause (b), making input tax credit available where an employer is legally obliged to provide the enumerated goods or services to employees, thereby addressing prior advance rulings that denied credit for third party canteen and catering services and reducing dispute risk subject to remaining questions on the precise scope of statutory employer obligations and interaction with personal use exclusions. Articles Goods and Services Tax - GST Wed, 13 Jul 2022 07:56:08 +0530 https://www.taxtmi.com/article/detailed?id=10521