ITC on Keychain


This query is : Resolved 

Quick Summary
This discussion clarifies whether Input Tax Credit (ITC) can be claimed on keychains purchased for advertising purposes. Generally, if the keychains are provided as free gifts, ITC is not claimable. However, if they are directly related to advertising activities, then ITC can be claimed. The user paid Rs. 5900/- including GST for 1000 keychains.

(Querist)
09 March 2020 Dear Sir,

We have print 1000/-Key Chain for advertisement. We have paid Rs.5900/- Including GST.Can we claim ITC on Key Chain. please advise

RAJA P M (Expert)
09 March 2020 If it's giving as free / gift then no ITC.

10 March 2020 If it related to advertisement ITC can be claimed.


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