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Section 17(5)(g) ITC not allowed on goods/ service for personal consumption

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Chartered Accountant
106 Points Joined July 2008
Can we take ITC on Helmet, shoes, jackets issued to workers or employees or contractors?
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On 01 November 2020 at 22:43 Report
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298 Points Joined April 2019
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
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On 01 November 2020 at 22:58
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GST Practitioner
55067 Points Joined June 2017
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.
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On 01 November 2020 at 23:30
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GST Practitioner
55067 Points Joined June 2017

Yes ...... Read Section 16 & 17 of CGST Act

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On 09 November 2020 at 01:05

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