TaxTMI 
TaxTMI 
ITC on promotional expenses
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....TC on promotional expenses<br> Query (Issue) Started By: - Dinesh Mehta Dated:- 9-3-2021 Last Reply Date:- 18-3-2021 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>Whether GST is applicable o....
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....n Gold coins / Watches given to business associates as a promotional expense during Diwali? Can ITC be claimed of GST charged on Gold Coins / Watches? Reply By Shilpi Jain: The Reply: If not in the....
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.... nature of gifts I.e. if it can shown to be an obligation to give such items, ITC can be claimed. Nothing is free in business. Reply By KASTURI SETHI: The Reply: (i) Yes. GST is payable on such pro....
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....motional expenses. (ii) Regarding availment of ITC on such promotional expenses, pl. go through the following decisions of AAR :- 2019 (29) G.S.T.L. 789 (A.A.R. - GST) = 2019 (10) TMI 568 - AUTHORIT....
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....Y FOR ADVANCE RULING, KARNATAKA IN RE : SURFA COATS (INDIA) PVT. LTD. 2019 (26) G.S.T.L. 374 (A.A.R. - GST) = 2019 (6) TMI 1305 - AUTHORITY FOR ADVANCE RULING, MAHARASHTRA 2019 (22) G.S.T.L. 551 (A.....
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....A.R. - GST) = 2019 (3) TMI 540 - AUTHORITY FOR ADVANCE RULING, MAHARASHTRA IN RE : BIOSTADT INDIA LIMITED Reply By Himansu Sekhar: The Reply: 1. First decide whether they are related persons or not ....
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....under sec. 15. 2. If yes, taxable even if no consideration is received and ITC allowed. 3. If not, if a free gift without any consideration, no GST and no ITC allowed<br> Discussion Forum - Knowledg....
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....e Sharing ....