Input tax credit on advertisement material
This query is : Open
ACMA Obulirajan R
(Querist)
24 April 2009
Is VAT paid on Advertisement material i.e.(purchase of gift items, purchase of banners/flex etc.,) eligible for claming Input Credit?
24 April 2009
No, Usually they are not as they have very small share as far as amount is concern.
But you can claim the same by cbooking a seperate entry for teh VAT charged on the bills.
But you can claim the same by cbooking a seperate entry for teh VAT charged on the bills.
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