Input credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 October 2017
Can we take input Credit of GST on Purchase of Sweets and silver coin for distribution to staff members and others .
09 October 2017
Input credit is not available.
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 October 2017
If we buy sweets from unregistered we are liable to pay RCM on the same under GST Regime ?
09 October 2017
Gift etc to employees upto Rs 50000/- per person is exempt from GST. Further you can not avail any ITC on any expeneses incurred on employees. Presently there is no liability of RCM under sec 9(4) on purchase of sweet or any item / goods / service from any unregistered dealer as the said section has been suspended till 31-03-2018.
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