hi,
my client business is plywood gst rate basically 18% , he purchased silver item included gst 3% for gifting to so many customers, can he take gst input credit?
please clarify me
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GST INPUT CREDIT
Replies (7)
No....
raja ji silver is purchased for businesd purpose only
Is it....? How is it business purpose...?
Also my reply based on your query. It's not myself...!
he takes it in sales promotion expenses, and not gave for single customer only , it gave so more than 100 customers,
anybody else please reply my query
Mr. Mahendra Sahoo.,
What is your exact query...?
As per above query and My reply is correct way. If he is dealing his business is purchasing and Selling the silver then it's his business and he can avail the benefit of ITC...
He deal "Plywood Business" and buy Silver for gift to Customers then it's not his business... Also it's not a Supply.
Mr Raja am agree with you , but can you provide me which section, or notification of this gold or silver related purchase blocked credit
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