BLOCKED CREDITS - Sec. 17(5)

Indirect Taxation

Membership in a club, health, fitness centre are blocked credit as per section. Where the person is spending for ''Meeting fees'' in a CLUB is also blocked credit or input available for the person?

Sanjai B

CA Final

★ 1K+

20-May-23 14:26

642

Answers (4)

Can you please elaborate what do you mean by "Meeting fees"

Sudha Reddy

CA Final

★ 20K+

22-May-23 11:25

If it is in the nature of membership fee then the credit is blocked.

Shiva Teja

Faculty

22-May-23 12:50

Sudha Reddy

Can you please elaborate what do you mean by "Meeting fees"

For attending every meeting. The taxpayer pays entry fees for every meeting. Other than Membership fees

Thread Starter

Sanjai B

CA Final

★ 1K+

24-May-23 19:22

Shiva Teja Faculty

If it is in the nature of membership fee then the credit is blocked.

Thank you sir

Thread Starter

Sanjai B

CA Final

★ 1K+

24-May-23 19:22