https://www.taxtmi.com/forum/issue?id=117541 Input tax credit (ITC) on promotional goods packed with principal goods is eligible where the promotional cost is embedded in the sale price and properly accounted; authorities and an advance ruling are cited. Similarly, ITC on display items or mannequins supplied to franchisees at nominal prices is regarded as allowable provided the transfer is documented and the value is reflected as an invoice adjustment or discount to support the tax entitlement. en-us Mon, 04 Oct 2021 10:30:32 +0530 Thu, 23 Jan 2025 15:54:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117541 Input tax credit (ITC) on promotional goods packed with principal goods is eligible where the promotional cost is embedded in the sale price and properly accounted; authorities and an advance ruling are cited. Similarly, ITC on display items or mannequins supplied to franchisees at nominal prices is regarded as allowable provided the transfer is documented and the value is reflected as an invoice adjustment or discount to support the tax entitlement. Discussion-Forum GST Mon, 04 Oct 2021 10:30:32 +0530 https://www.taxtmi.com/forum/issue?id=117541