ITC on Gift items
This query is : Resolved
04 November 2017
If a company purchases some gift items to be distributed to customers under the lucky draw system and debit the expenses under the head Sales Promotion. Will GST ITC be eligible or not ? Plz guide...
04 November 2017
As per my opinion, ITC may not be available.
05 November 2017
Yes ITC not available for gift items.
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