Can we claim itc on gold while gifting to our customer
This query is : Open
Bazeer Ahmed
(Querist)
14 December 2017
Sir(s),
We have recently presented a gold article (value is below Rs.10000) to one of our customer.
Kindly clarify us:
1) Can we claim the 3% GST in the bill raised in our company name.
2) Shall we claim as furtherance to business?
Thanks in advance,
with regards,
Bazeer Ahmed L
We have recently presented a gold article (value is below Rs.10000) to one of our customer.
Kindly clarify us:
1) Can we claim the 3% GST in the bill raised in our company name.
2) Shall we claim as furtherance to business?
Thanks in advance,
with regards,
Bazeer Ahmed L
15 December 2017
1. No.. It's self consumption.
2. No.. It's not furtherance of Business.
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