https://www.taxtmi.com/highlights?id=47528 ITC of GST paid - expenses incurred towards promotional schemes(Shubh Labh trade loyalty program) or goods given as brand reminders - promotional products/ services to be distributed and are not inputs and hence, GST paid on such a purchase does not qualify to be an input tax for the purpose of Section 16(1) r.w.s. 2(62) of the CGST Act - if same are non-taxable u/s 9 r.w.s. 2(78) and treated as exempt supply u/s 2(47) then credit is not allowable u/s 17(2) en-us Fri, 28 Jun 2019 07:09:58 +0530 Thu, 27 Jun 2019 16:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=47528 ITC of GST paid - expenses incurred towards promotional schemes(Shubh Labh trade loyalty program) or goods given as brand reminders - promotional products/ services to be distributed and are not inputs and hence, GST paid on such a purchase does not qualify to be an input tax for the purpose of Section 16(1) r.w.s. 2(62) of the CGST Act - if same are non-taxable u/s 9 r.w.s. 2(78) and treated as exempt supply u/s 2(47) then credit is not allowable u/s 17(2) Highlights GST Fri, 28 Jun 2019 07:09:58 +0530 https://www.taxtmi.com/highlights?id=47528