Restriction of Input Tax Credit (ITC) - Supply or not - goods ...
Gold Coins and White Goods as Gifts Qualify for ITC: GST Ruling on Promotional Schemes and Tax Obligations.
October 12, 2023
Case Laws GST AAR
Restriction of Input Tax Credit (ITC) - Supply or not - goods disposed of by way of gift - applicant's obligation to issue gold coins and white goods to the dealers / customers upon they achieving the stipulated lifting of the material / purchase target during the scheme period - IT is a Supply, liable to GST and eligible for ITC - AAR
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