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Reputation: 642,713  •  Sep 3, 2023 5:31 PM
Biz can claim ITC on goods procured for distribution to dealers for achieving sales target: GST AAR
Biz can claim ITC on goods procured for distribution to dealers for achieving sales target: GST AAR
The Karnataka-bench of the Authority for Advance Ruling (AAR) has ruled that businesses can claim input tax credit on items like gold coins and white goods procured for distribution to dealers as part of promotional schemes. The AAR stated that these items are not considered gifts as they are issued subject to certain conditions and stipulations.
The Economic Times

https://economictimes.indiatimes.com/news/economy/policy/...
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