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Input Tax Credit on Purchase of Gifts to Employees

ITC / Input 956 views 5 replies
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Director
155 Points Posted on 12 January 2020

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

 

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On 12 January 2020 at 21:16 Report
Replies (5)
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Student
1511 Points Posted on 12 January 2020
Can't avail ITC on purchase of gift items for employees.
1 Reply
On 12 January 2020 at 21:44
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Chartered Accountant
149 Points Posted on 12 January 2020
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
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On 12 January 2020 at 22:36
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"Do the Right Thing...!!!"
128152 Points Posted on 13 January 2020
Yes... I agreed to Mr Sunil Ahmed view...
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On 13 January 2020 at 07:08
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Learner
2398 Points Posted on 13 January 2020
No you can't avail as it is a gift, the same has been mentioned under ITC rules.
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On 13 January 2020 at 08:42
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Chartered Accountant
149 Points Posted on 13 January 2020
If i purchase special code dress for employees , i can claim input as it is offc expenses and not a gift for employees
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On 13 January 2020 at 10:00


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