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TMI BlogITC on promotional expensesX X X X Extracts X X X X X X X X Extracts X X X X ..... Whether GST is applicable on Gold coins / Watches given to business associates as a promotional expense during Diwali? Can ITC be claimed of GST charged on Gold Coins / Watches? - Reply By Shilpi Jain - The Reply = If not in the nature of gifts I.e. if it can shown to be an obligation to give such items, ITC can be claimed. Nothing is free in business. - Reply By KASTURI SETHI - The Reply = ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (i) Yes. GST is payable on such promotional expenses. (ii) Regarding availment of ITC on such promotional expenses, pl. go through the following decisions of AAR :- 2019 (29) G.S.T.L. 789 (A.A.R. - GST) = 2019 (10) TMI 568 - AUTHORITY FOR ADVANCE RULING, KARNATAKA IN RE : SURFA COATS (INDIA) PVT. LTD. 2019 (26) G.S.T.L. 374 (A.A.R. - GST) = 2019 (6) TMI 1305 - AUTHORITY FOR ADV ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ANCE RULING, MAHARASHTRA 2019 (22) G.S.T.L. 551 (A.A.R. - GST) = 2019 (3) TMI 540 - AUTHORITY FOR ADVANCE RULING, MAHARASHTRA IN RE : BIOSTADT INDIA LIMITED - Reply By Himansu Sekhar - The Reply = 1. First decide whether they are related persons or not under sec. 15 . 2. If yes, taxable even if no consideration is received and ITC allowed. 3. If not, if a free gift without any ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... consideration, no GST and no ITC allowed - ITC on promotional expenses - Query Started By: - Dinesh Mehta Dated:- 9-3-2021 Goods and Services Tax - GST - Got 3 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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