Input tax on bag purchase

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 July 2018 Dear Sir,s
We a Pvt.Ltd. .Organised a seminar and purchase laptop bag for distribute to delegates and exhibitors. can we claim input credit ( cgst + sgst) in 3b or not ?
Please suggest.

Thanks & Rgeards

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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19 July 2018 Bag will be part of seminar material hence ITC can be claimed on it.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

19 July 2018 But Sir our CA Says this is gift item

Dear Sir,s We a Pvt.Ltd. .Organised a seminar and purchase laptop bag for distribute to delegates and exhibitors. can we claim input credit ( cgst + sgst) in 3b or not ? Please suggest.

Thanks & Rgeards

Read more at: https://www.caclubindia.com/experts/input-tax-on-bag-purchase-2675489.asp

Querist : Anonymous

Querist : Anonymous (Querist)

20 July 2018 But Sir our CA Says this is gift item you can,t claim ITC

Dear Sir,s We a Pvt.Ltd. .Organised a seminar and purchase laptop bag for distribute to delegates and exhibitors. can we claim input credit ( cgst + sgst) in 3b or not ? Please suggest. Thanks & Rgeards

Read more at: https://www.caclubindia.com/experts/input-tax-on-bag-purchase-2675489.asp

Nilesh

Nilesh (Expert)
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03 August 2018 sir it is not gift or free supply and no need of reversal ..

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