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Reversal of common ITC as per R/42 on Incentive received in Form of Foreign Tour, Goods and Services Tax - GST

Issue Id: - 119492
Dated: 28-12-2024
By:- ANKIT SHAH

Reversal of common ITC as per R/42 on Incentive received in Form of Foreign Tour


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Whether incentive received by the Distributor in the form of Foreign Tour from the Principal Supplier (say for eg. manufacturer) will be treated as Exempt Supply. If yes, then whether thre will be reduction of common ITC as per R/42?

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