Musashi Auto Parts India Pvt. Ltd.

1.     Musashi receives Inward Supply of Canteen Services for employees working in Manufacturing Unit and against the same distribute coupons to employees on subsidized price to avail canteen services. Question arise as under:
a)    Whether company is eligible to take Input Tax Credit on GST charged by vendor for Canteen Service availed by it for its employees?
b)     Whether distribution of Coupons among employees attracts GST Liability? If Yes, then under which SAC tax shall be deducted?
c)     Is it correct to determine the Fair market value of coupons based on the rate charged to employees?
2.     Company purchases edible items like Sweets, Dry fruits and gifts like electronics, gold & silver coins/articles etc. for the purpose of Business Promotion. Question arises as under:
a)      Whether Company is eligible to take Input Tax Credit on such business promotion expenses or not?