Are we allowed to take input tax credit on Advertisement Expenses i.e. Hoardings?
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Quick Summary
This discussion clarifies whether Input Tax Credit (ITC) can be claimed on advertisement expenses, specifically concerning hoardings. The consensus is that ITC is indeed claimable on general advertisement expenses. It also touches upon the possibility of claiming ITC for advertisement boards provided free of charge to retailers by a distributor, provided it's for the furtherance of business.