ITC ON ADVERTISEMENT EXPENSES

This discussion clarifies the eligibility for Input Tax Credit (ITC) on advertisement expenses, specifically for newspaper tenders. Generally, ITC is available if the expense isn't explicitly blocked under Section 17(5) of the GST Act and is incurred for business purposes. Companies can claim ITC on advertisement costs used for furthering their business, provided these expenses are not specifically listed as ineligible in Section 17(5).