Itc of Diwali faral bills to staff

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Others
1 Points Posted on 11 November 2021

We have purchased dryfruits and sweet boxes for employees on Diwali occasion. Can we claim itc of bills received from shop....please advise...thanks

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On 11 November 2021 at 15:49 Report
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Quick Summary
This discussion addresses whether Input Tax Credit (ITC) can be claimed on dry fruits and sweet boxes purchased as Diwali gifts for employees. The consensus is that such gifts are considered blocked credit under Section 17(5)(h) of the CGST Act 2017. Therefore, ITC cannot be claimed on these bills.

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GST Practitioner & Accounts
15150 Points Posted on 11 November 2021
Gift is blocked credit under section 17(5)( h) of the CGST act 2017 , you can not claim Input Tax credit .
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On 11 November 2021 at 16:05
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Chartered Accountant
24588 Points Posted on 11 November 2021
No ITC cannot be claimed
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On 11 November 2021 at 17:55
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9 Points Posted on 13 November 2021
It is a blocked credit under sec 17(5)(h) of CGST Act 2017, you cannot claim it
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On 13 November 2021 at 12:24

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