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Input credit

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 October 2017 Can we take input Credit of GST on Purchase of Sweets and silver coin for distribution to staff members and others .
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Udaya Chandran

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Udaya Chandran (Expert)
09 October 2017 Input credit is not available.
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Querist : Anonymous

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Querist : Anonymous (Querist)
09 October 2017 If we buy sweets from unregistered we are liable to pay RCM on the same under GST Regime ?
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CA AJAY KUMAR AGRAWAL

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CA AJAY KUMAR AGRAWAL (Expert)
09 October 2017 Gift etc to employees upto Rs 50000/- per person is exempt from GST. Further you can not avail any ITC on any expeneses incurred on employees. Presently there is no liability of RCM under sec 9(4) on purchase of sweet or any item / goods / service from any unregistered dealer as the said section has been suspended till 31-03-2018.
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