https://www.taxtmi.com/caselaws?id=376519 The Authority for Advance Ruling (AAR) determined that the applicant cannot claim Input Tax Credit (ITC) on the procurement of gold coins distributed under a sales promotion scheme. The AAR classified the gold coins as gifts, rendering ITC unavailable under Section 17(5)(h) of the CGST Act. Consequently, ITC cannot be claimed on any similar schemes periodically notified by the applicant. en-us Thu, 20 Dec 2018 00:00:00 +0530 Fri, 07 Mar 2025 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376519 The Authority for Advance Ruling (AAR) determined that the applicant cannot claim Input Tax Credit (ITC) on the procurement of gold coins distributed under a sales promotion scheme. The AAR classified the gold coins as gifts, rendering ITC unavailable under Section 17(5)(h) of the CGST Act. Consequently, ITC cannot be claimed on any similar schemes periodically notified by the applicant. Case-Laws GST Thu, 20 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376519