Menu
Section 17(5)(g) ITC not allowed on goods/ service for personal consumption
Can we take ITC on Helmet, shoes, jackets issued to workers or employees or contractors?
Replies (3)
No we can't claim any itc pertaining gift or free samples
if employer provides any to his employees it's considered as gift hence can't claim
if employer provides any to his employees it's considered as gift hence can't claim
In term of Schedule 1 , In case Gift from Employer to his employee is not exceeding 50k in year is not Supply , but ITC need to reverse in term of Section 17(5)(h)
So if it given as gift then ITC reversal u/s 17(5) attracts.
So if it given as gift then ITC reversal u/s 17(5) attracts.
Yes ...... Read Section 16 & 17 of CGST Act
Recent Topic
- Clarification Needed: Reporting Accrued vs Paid FD
- TDS on prize given to participants in Livestock sh
- TDS related matter - 194 IA
- Research: How do CA firms handle GSTR-2B reconcili
- CA FINAL FR IndAS 33 Illustrtion 14
- Taxation on Sale of old Jewellery Received at Marr
- ITR-3 Filling issues
- PF withdrawal and tax liability
- Sale of Goods or Services?
- ITR form query
Related Topics
CAclubindia
