Gst

What is difference between scheme, gift and promotional items from GST point of view and what is the position of ITC a availment in all cases
Replies (2)

If ITC already availed on these items than it dhuld be reverse

However the procedure for reversal in such cases has not been prescribed under the CGST Act/Rules hence a proportionate credit attributable to such schemes/ gifts etc. need to be determined as attributable and then reversed.

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