Can I avail ITC on GST paid on the purchase of gift items for employees? There is an interesting article here https://www.caclubindia.com/articles/itc-on-gifts-under-gst-36124.asp but I'm confused on the conclusion.
Expert opinions?
Thanks
Menu
Input Tax Credit on Purchase of Gifts to Employees
Replies (5)
Quick Summary
Can't avail ITC on purchase of gift items for employees.
It is blocked us 17(5)
but u can claim input like products used by employees in offc such as clothes given to them for offc use etc
but u can claim input like products used by employees in offc such as clothes given to them for offc use etc
Yes... I agreed to Mr Sunil Ahmed view...
No you can't avail as it is a gift, the same has been mentioned under ITC rules.
If i purchase special code dress for employees , i can claim input as it is offc expenses and not a gift for employees
Recent Topics :
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
- Why are foreign investors suddenly buying Indian s
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
- Query to Tax Garden tax consultant
Related Topics :
CAclubindia
