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ITC in case of gifts to dealers.

ITC / Input 575 views 4 replies

Himanshu Singh

30 Points Posted on 16 January 2020

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?

Replies (4)

SOWJANYA M

840 Points Posted on 16 January 2020

No. ITC is not available. it is ineligible under sec 17

Pankaj Rawat

GST Practitioner

55067 Points Posted on 16 January 2020

Yes ITC block , cannot claim .

Sonam Bansal

137 Points Posted on 17 January 2020

ITC BLOCKED. PLEASE DONT TAKEN

Himanshu Singh

30 Points Posted on 21 January 2020

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.

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