dear all
can ITC be taken on gift purchased for the purpose of employee marriage
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ITC on employee marriage gift
Replies (6)
Can ITC be taken on gift purchased for the purpose of employee marriage...?
- NO.
- NO.
Either if it's for supplier or any gift to any occasion in the circle of business is ineligible?
No dear...
As per sec 17(5)(h) of CGST act the ITC is restricted...😔😔😔
As per sec 17(5)(h) of CGST act the ITC is restricted...😔😔😔
Thank you raja sir for your kind reply
No. It is specifically BLOCKED under Section 17(5) of the CGST Act 2017.
ITC is available only on those goods or services which are used in the course or furtherance of Business by virtue of Section 16(1) of the CGST Act 2017.
ITC is available only on those goods or services which are used in the course or furtherance of Business by virtue of Section 16(1) of the CGST Act 2017.
Itc is available only if it is used for resale
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