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Whether ITC can be claimed on banners purchased used in a blood donation camp organised by our client.
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Itc on charity Goods
Replies (4)
If registered dealer then they may avail the ITC
Yes ITC available , but need to be Reverse as per Section 17(5) when it is further supply as FREE
Yes you can claim ITC on banners purchased since it is a part of Advertisement Expenses.
It's not to be included in expenses as being further supply.
(Not being consumed by You)
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