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Input tax credit on advertisement material

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24 April 2009 Is VAT paid on Advertisement material i.e.(purchase of gift items, purchase of banners/flex etc.,) eligible for claming Input Credit?
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
24 April 2009 No, Usually they are not as they have very small share as far as amount is concern.

But you can claim the same by cbooking a seperate entry for teh VAT charged on the bills.

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