Advertise Expenses ITC acceptable or not

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22 Points Posted on 15 February 2024
I have a jewllery shop. I give a advertise star Ananda Rs 50000 with Gst.Now my question this ITC is acceptable or bock credit ?
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On 15 February 2024 at 14:29 Report
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Quick Summary
This discussion clarifies whether the Input Tax Credit (ITC) for advertising expenses is acceptable for a jewellery shop. The consensus is that if the advertisement is made in the course or furtherance of your business, the ITC is eligible to be claimed. Therefore, the Rs 50,000 GST paid on advertising for your jewellery shop can be claimed as ITC.

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"Do the Right Thing...!!!"
128162 Points Posted on 15 February 2024
Yes, This ITC is eligible to claim ITC.
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On 15 February 2024 at 15:04
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Article Assisstant
233 Points Posted on 15 February 2024
Anything which is done in course or furtherance of business is eligible for claiming itc
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On 15 February 2024 at 15:38
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Chartered Accountant
86505 Points Posted on 15 February 2024
If the advertisment is made for the purpose of your jewellery shop then ITC only is available.
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On 15 February 2024 at 17:27

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