Query: I am dealer in electronics items n offer my customer a vehicle on lottery system on purchasing my items .
Now query is how to deal vehicle in my books from the point of view gst ac
2 Replies
Vinod Araveti
(Practicing CA)
(1180 Points)
Replied 13 October 2017
When you give the vehicle as gift is not a supply, so it is not laible to GST.
You can't avail the credit on those vehicles as per section 17(5)(h) of CGST Act 2017.
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