Charity & donation item can we claim gst input

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Sr Manager accounts
51 Points Posted on 14 May 2021

if my company buy water cooler for charity & donation then can we claim gst input credit on that items

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On 14 May 2021 at 12:42 Report
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Quick Summary
This discussion clarifies whether a company can claim GST input tax credits for items purchased for charity or donations, such as a water cooler. The consensus is that input tax credits cannot be claimed in such cases, as they are generally restricted under Section 17(5) of the relevant tax legislation.

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Chartered Accountant
24588 Points Posted on 14 May 2021
No you cannot claim ITC
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On 14 May 2021 at 14:17
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GST Practitioner
55067 Points Posted on 17 May 2021
No.... need to reserve the ITC subject to provision of Section 17(5)
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On 17 May 2021 at 00:46

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