Poonawalla fincorps
Poonawalla fincorps

ITC on Gift items

This query is : Resolved 
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(Querist)
04 November 2017 If a company purchases some gift items to be distributed to customers under the lucky draw system and debit the expenses under the head Sales Promotion. Will GST ITC be eligible or not ? Plz guide...
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Udaya Chandran

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Udaya Chandran (Expert)
04 November 2017 As per my opinion, ITC may not be available.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
05 November 2017 Yes ITC not available for gift items.
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