input on gifts
Anil Kaicker (9 Points)
08 May 2018
Hi is input credit available on gifts purchase for distribution to client on diwali.
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(193783 Points)
Replied 08 May 2018
No. If already claimed, it has to be reversed.
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 08 May 2018
Yes , agree with Sh Dhirajlal ji,. has to reverse ITC as per section 17(5)
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