We have purchased dryfruits and sweet boxes for employees on Diwali occasion. Can we claim itc of bills received from shop....please advise...thanks
3 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 11 November 2021
Gift is blocked credit under section 17(5)( h) of the CGST act 2017 , you can not claim Input Tax credit .
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 11 November 2021
No ITC cannot be claimed
Divya Agrawal
(9 Points)
Replied 13 November 2021
It is a blocked credit under sec 17(5)(h) of CGST Act 2017, you cannot claim it
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