Gold Coins and White Goods as Incentives Qualify for ITC; Not Classified as Gifts Under CGST Section 17(5)(h).

Input Tax Credit - supply or not - Nature of target-based gift/incentive - The applicant’s obligation to issue gold coins and white goods to the dealers/ customers upon achieving the stipulated lifting of the material/ purchase target during the scheme period would not be regarded as “goods disposed of by way of gift” and Input tax credit would not be restricted under the Section 17(5)(h) of the CGST Act, 2017. - Benefit of ITC available - AAR .....

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