Inputs or not - Gift items - The Circular makes it abundantly ...

GST

December 23, 2020

Inputs or not - Gift items - The Circular makes it abundantly clear that these items would be called gifts. Hence in this case, since the persons to whom the distributable goods are given are not related parties and are distinct persons and are not employees of the applicant, the transaction is not coming under the scope of supply and hence the applicant is not eligible to claim input tax credit on the same. - AAR

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Inputs or not - Gift items - The Circular makes it abundantly ...

GST

December 23, 2020

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