please explain , if promotional toys purchase at the rate of 12℅ gst, and they packed inside in namkeen,snacks,chips packets(1 toys free with every namkeen pouch),
then ITC on purchase of toys is reversed or not?
ITC reversed on promotional toys
Replies (1)
No....... As per Circular 92/11/2019 GST , It is treated as .supply of Two Goods for the price Of One.
Note : Thus no need to reverse ITC
Note : Thus no need to reverse ITC
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