dear all
can ITC be taken on gift purchased for the purpose of employee marriage
Can ITC be taken on gift purchased for the purpose of employee marriage...?
- NO.
6 Replies
SOWJANYA M
(840 Points)
Replied 26 December 2019
Either if it's for supplier or any gift to any occasion in the circle of business is ineligible?
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 26 December 2019
No dear...
As per sec 17(5)(h) of CGST act the ITC is restricted...😔😔😔
As per sec 17(5)(h) of CGST act the ITC is restricted...😔😔😔
Shivam RC
(Student)
(23683 Points)
Replied 26 December 2019
No. It is specifically BLOCKED under Section 17(5) of the CGST Act 2017.
ITC is available only on those goods or services which are used in the course or furtherance of Business by virtue of Section 16(1) of the CGST Act 2017.
ITC is available only on those goods or services which are used in the course or furtherance of Business by virtue of Section 16(1) of the CGST Act 2017.
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