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Gift to customer and dealer
I am purchasing gold coin and other product for promotion of sales and hence in this thing i am giving it to customer so can i Treat it as expense in book and can i claim GST on this as its sales promotion Expenses.
Replies (2)
Transfer of business asset after claiming ITC without consideration would be treated as supply
If you are supplying it's free of cost, than you can not claim ITC on same...
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