Hi Everyone,
We are not related to jewelry business, We have given gold coins to our employees as Diwali gift, are we allowed to take credit of ITC of that gold purchase?
Thank you.
Menu
Is ITC available on gold coins given to employees as gift on Diwali ?
Replies (2)
Quick Summary
No ITC not allowed on free distribution of gifts as per section 17(5) blocked credit
No ITC not available.
Recent Topics :
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
- Regarding 3CEB query
- Omitted E-Commerce Sales Reported in Table 14 but
- Omitted sales shown in GSTR-1 Table 14 but not in
- EWAY BILL TAKE OUT OF OTHER COMPAMY
- Penalty & late fee for late ITR filing
- Business discontinued as Government took possessio
Related Topics :
CAclubindia
