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ITC on employee marriage gift

ITC / Input 405 views 6 replies
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840 Points Posted on 26 December 2019
dear all

can ITC be taken on gift purchased for the purpose of employee marriage
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On 26 December 2019 at 15:37 Report
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"Do the Right Thing...!!!"
128147 Points Posted on 26 December 2019
Can ITC be taken on gift purchased for the purpose of employee marriage...?

- NO.
463 Reply
On 26 December 2019 at 16:57
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840 Points Posted on 26 December 2019
Either if it's for supplier or any gift to any occasion in the circle of business is ineligible?
3 Reply
On 26 December 2019 at 17:25
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"Do the Right Thing...!!!"
128147 Points Posted on 26 December 2019
No dear...

As per sec 17(5)(h) of CGST act the ITC is restricted...😔😔😔
463 Reply
On 26 December 2019 at 17:37
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840 Points Posted on 26 December 2019
Thank you raja sir for your kind reply
3 Reply
On 26 December 2019 at 17:55
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Student
23688 Points Posted on 26 December 2019
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.
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On 26 December 2019 at 19:38
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22 Points Posted on 27 December 2019
Itc is available only if it is used for resale
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On 27 December 2019 at 12:48


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