Gift for lucky draws
chandan Tiwari (Student CA IPC / IPCC) (214 Points)
10 October 2022Kindly give me ur guidelines.
chandan Tiwari (Student CA IPC / IPCC) (214 Points)
10 October 2022
prasad Nilugal
( GST Practitioner & Accounts )
(14606 Points)
Replied 10 October 2022
As per section 17(5)(h) of the CGST act, Gift is blocked credit, so You Can not claim input tax credit.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)