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ITC ON SALES PROMOTIONAL EXPENSES

Others 442 views 4 replies

There is a trader who sells spare parts. He gives towels as sales promotions when a particualr dealer achives a certain target. can ITC be claimed on towels purchased?

Replies (4)
Free gift?

yes, free given based on target achieved. 

ITC is not available for this activities.
Input tax credit is available on certain pre conditions


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