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.
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.
CAclubindia
