vat credit on goods purchased for gifts to staff etc
This query is : Open
07 May 2010
Sir,
I would like to know whether input vat credit is available on goods purchased specifically for the purpose of gift. For eg. gold coins purchased to give diwali gifts to clients and staff.
thanking you,
I would like to know whether input vat credit is available on goods purchased specifically for the purpose of gift. For eg. gold coins purchased to give diwali gifts to clients and staff.
thanking you,
14 May 2010
question is comflicting the facts.
on side u are saying goods purchases for sale on the other had u r saying it was for gift?
input credit is avilable only where if good is your input.
on side u are saying goods purchases for sale on the other had u r saying it was for gift?
input credit is avilable only where if good is your input.
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14 May 2010
Sorry sir,
I meant to say goods purchased for giving gift. would vat paid on such goods be available for set off.
I meant to say goods purchased for giving gift. would vat paid on such goods be available for set off.
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