Bharath Ltd is engaged in making Sweets. The Company on Diwali, distributed the same sweets to its employees. Can the company claim ITC in respect to the inputs used in making such gifts to its employees ?
CS Executive · Tax Laws · PYQS · June 2022
Bharath Ltd is engaged in making Sweets. The Company on Diwali, distributed the same sweets to its employees. Can the company claim ITC in respect to the inputs used in making such gifts to its employees ?
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: GST
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