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Gst on business promotion

priyanka pal (110 Points)

20 August 2021

whether input tax credit of gst on business promotion allowed?

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2 Replies

CA Raj Doshi (Practising CA) (8898 Points)
Replied 21 August 2021

Since such expenses lead to furtherance of business, input tax credit is available provided it does fall under blocked credit.

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Nidhi (Chief Accountant) (3150 Points)
Replied 21 August 2021

Yes, it's eligible to claim as ITC

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