ITC available on gold coin distributed to dealers as incentive under the scheme
Last updated: 08 September 2023
Court :
AAR, Karnataka
Brief :
The AAR, Karnataka, in M/s. Orient Cement Limited [Advance Ruling No. KAR ADRG 27 of 2023 dated August 24, 2023] ruled that, ITC on gold coins is not restricted under section 17(5)(h) of the Central Goods and Services Tax Act, 2017 ("the CGST Act"), since the gold coin is not given as gifts but as the achievement of marketing targets set by the assessee.
Citation :
Advance Ruling No. KAR ADRG 27 of 2023 dated August 24, 2023
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Bimal Jain
Published in GST
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