Whether I can take ITC on printing of Brochures and Pamphlets used for business promotion purpose.
Whether it shall be treated as Free distribution (BLOCKED CREDIT) or business promotion expense (ITC AVAILABLE)?
Replies (3)
Quick Summary
This discussion clarifies the Goods and Services Tax (GST) implications for promotional activities, specifically concerning the Input Tax Credit (ITC) on printed brochures and pamphlets. It confirms that these items are treated as business promotion expenses, meaning ITC is generally available. This contrasts with treating them as free distribution, which would result in blocked credit.