AVAILABILITY OF ITC

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This discussion seeks clarification on claiming Input Tax Credit (ITC) for items purchased as gifts for sales promotion winners. While some believe it's a legitimate business expense, recent AAR rulings suggest that ITC cannot be claimed on such gifts.

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(Querist)
16 June 2020 Respected all,
Plz. advice/ clarify regarding itc.,A business concern gifted to a winner on coupon which given at the time of sale. whether business org. get itc on such items which were purchased for gifted to the winner.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
16 June 2020 It's in the nature of sales promotion expenses ITC can be claimed on such gifts.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
16 June 2020 AAR rulings are there no ITC can be claimed on such gifts.
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