AVAILABILITY OF ITC
This query is : Resolved
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.
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.
16 June 2020
It's in the nature of sales promotion expenses ITC can be claimed on such gifts.
16 June 2020
AAR rulings are there no ITC can be claimed on such gifts.
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