Dear sir,
Please provide us the information for ITC avail on gold purchase for business deal even we are an advertising company.
Regards
Sanjay Sharma
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ITC on diwali gift for business promotion
Replies (3)
No as per section 17(5) itc in case if goods distributed as gift.. Itc can not be claimed
goods distributed by way of gift, free samples it is blocked on such goods u/s 17(5)
ITC Blocked u/s 17(5) of CGST Act 2017 for goods distributed as Free Samples, Gifts etc...
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