ITC on business promotion and Diwali Gift to Employees.
Query (Issue) Started By: – MODASSIR NAZAR Dated:- 21-1-2019 Last Reply Date:- 26-1-2019 Goods and Services Tax – GST
Got 7 Replies
GST
Dear All
\nOne of My company doing camera rental Business.They give mobile and gift to cameraman and their assistants as a business promotions.can i take ITC of GST on the same.
\nAlso we are gifting in diwali to our employees. Can we take GST ITC on the same. (diwali gift to Employees).
\nReply By SHARAD ANADA:
\nThe Reply:
\nRefer schedule I of CGST Act and Sec 17(5) of CGST Act.
\nSCHEDULE I ACTIVITIES TO BE TREATED AS SUPPLY EVEN IF MADE WITHOUT CONSIDERATION
\nReply By KASTURI SETHI:
\nThe Reply:
\nAfter agreement with Sh.Sharad Anada Ji, I wo<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n .e. Diwali gift to employee, Proviso to Schedule-I Para 2 is applicable. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" ITC on business promotion and Diwali Gift to Employees. Query (Issue) Started By: – MODASSIR NAZAR Dated:- 21-1-2019 Last Reply Date:- 26-1-2019 Goods and Services Tax – GSTGot 7 RepliesGSTDear All One of My company doing camera rental Business.They give mobile and gift to cameraman and their assistants as a business promotions.can i take ITC … Continue reading “ITC on business promotion and Diwali Gift to Employees.”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-16251","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/16251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16251"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/16251\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nThanks,
\nWith regards,
\nReply By KASTURI SETHI:
\nThe Reply:
\nSh.Alkesh Jani Ji, You are right. Your role can be termed as "Match (issue) finisher" like M.S.Dhoni. Also being cool like him (Dhoni Cricketer). It has happened many times. It is a fact.
\nReply By Alkesh Jani:
\nThe Reply:
\nSh. Kasturiji Sir,
\nI thank you, as you have always been a very good guide for all. You word of appericiation really matters a lot to me as well all the visitors of this site.
\nThanks again,
\nWith regards,
\nReply By Ganeshan Kalyani:
\nThe Reply:
\nInput tax credit on mobile, gift given to cameraman and its assistant as per section 17(5) of CGST Act.
Discussion Forum – Knowledge <\/p>\n
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