itc on sweets diwali gift purchase
Rekha Sharma (95 Points)
12 November 2018
can ITC valid on sweet purchase for dealer and gifting
2 Replies
g mahesh Mundra
(Business and tax consultant)
(3296 Points)
Replied 12 November 2018
not eligible for input
Nihit Somani
(109 Points)
Replied 12 November 2018
no, you cannot claim itc since it falls in category of blocked itc as per section 17(5)(h). Same has to be reported in GSTR 3B as well.
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