Input tax credit shall not be available in respect of: (i) Goods used for personal consumption (ii) Membership of a club provided by the employer to its employees as per company's internal policy (iii) Travel benefits ex
CS Executive · Tax Laws · PYQS · December 2024
Input tax credit shall not be available in respect of: (i) Goods used for personal consumption (ii) Membership of a club provided by the employer to its employees as per company's internal policy (iii) Travel benefits extended to employees on vacation such as leave or home travel concession as per company's internal policy
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: GST
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