Can we claim ITC on wall clocks purchased by us for distribution in an Annual programme to dealers?
Wall clocks and trophies were distributed free of cost to dealers.
Can it not be an activity for business promotion?
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ITC in case of gifts to dealers.
Replies (4)
Quick Summary
No. ITC is not available. it is ineligible under sec 17
Yes ITC block , cannot claim .
ITC BLOCKED. PLEASE DONT TAKEN
And what if company has printed it's logo on clocks?
And dealers have achieved bar of sales mark that has fixed by company to increase it's revenue.
And dealers have achieved bar of sales mark that has fixed by company to increase it's revenue.
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