Company want to give incentive to staff in form of LCD TV ,we told him to purchase TV & submit bill GST bill in company's name my question is 1) is there need to collect TDS or gift tax from Staff if yes then how much &
2) is company can avail gst credit from the party bill which is given by staff
Value of TV-taxable-19597.46+GSt-5402.54=Total-25000/-
Sir Why ITC Not allowed Note-Client has mentioned our GSt No on His Invoice
Sir Gift tax also not to collect from staff
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
