U/s 17(5)(h)
This query is : Resolved
Anshuman Basu
(Querist)
28 June 2018
what is the meaning of As per 17(5)(h), goods disposed off as a gift cannot be taken as ITC
28 June 2018
if you purchase or manufacture any goods for the purpose of gift to any other person, ITC of GST paid on purchase of that goods or on raw material and services used to manufacture of that goods can't be taken as credit.
Anshuman Basu
(Querist)
29 June 2018
If my company purchase gift items like Titan Watch, Money Purse to our valuable dealer or client for business promotion, then should I claim ITC for purchase gift items.
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