ITC not available on promotional items distributed FOC to their distributors/franchisees


Last updated: 15 April 2021

Court :
AAR, Karnataka

Brief :
The Hon'ble AAR, Karnataka in Re: M/s Page Industries Limited [Advance Ruling No. KAR ADRG 54/2020 dated December 15, 2020] held that assessee is in essence not eligible to claim input tax credit ('ITC') on promotional products/materials and marketing items used in promotion of their brand and marketing their products which is distributed to their distributors/franchisees free of cost ('FOC').

Citation :
Advance Ruling No. KAR ADRG 54/2020 dated December 15, 2020

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Bimal Jain
Published in GST
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