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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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