Hi guys , I want to ask that we want to distribute dryfruits as diwali gift to our party's,if we go for Gst Invoice for the same can we get the GST Input credit against the same.And update me for the same for staff diwali sweets.
please guide me
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GST Input credit
Replies (4)
No. Input cannot be claimed on food items.
ITC block on Gifting U/s 17(5)
INPUT TAX CREDIT ( ITC ) for food items is blocked u/s 17(5) of CGST Act 2017.
Moreover, you cannot claim INPUT TAX CREDIT on Goods given as Gift...
Moreover, you cannot claim INPUT TAX CREDIT on Goods given as Gift...
No ITC claim for Food/beverages etc unless its used for similar business
relevant CGST section :Block credit 17(5)
relevant CGST section :Block credit 17(5)
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