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Denial Of Input Tax Credits: Entertainment
Exceptions:
• Vendors in the entertainment industry
• All direct and indirect costs covered OR
• Charge = open market value
• Entertainment to clients for bona fide promotion
purposes and in all respects similar to entertainment
that’s supplied regularly by the vendor
• Goods / services acquired for purposes of making
taxable supplies for provision of any food to clients
which were not consumed by the clients and are then
subsequently supplied to any employee or welfare
organization
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