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.
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Is ITC available on gold coins given to employees as gift on Diwali ?
Replies (2)
No ITC not allowed on free distribution of gifts as per section 17(5) blocked credit
No ITC not available.
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