There is a trader who sells spare parts. He gives towels as sales promotions when a particualr dealer achives a certain target. can ITC be claimed on towels purchased?
4 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 13 August 2024
ITC is not available for this activities.
sabyasachi mukherjee
(27574 Points)
Replied 18 August 2024
Input tax credit is available on certain pre conditions
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