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ITC Eligibility

Amol Pawar (Accountant) (99 Points)

01 July 2020

If consultancy service provider purchase mango pulp for his business promotion (for client). Then ITC will be available on the same or not.

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sunil (accountant) (141 Points)
Replied 01 July 2020

No

Input Tax Credit (ITC) will not be available on the Goods and Services Tax (GST) paid on expenses incurred towards promotional schemes, an order by the Maharashtra Authority for Advance Ruling (AAR) has said.

or
no itc on goods supplied free of cost