SHAHHUL IQBAL (article assisstant) 13 February 2021
Dear sir,
Can we claim ITC of scheme promotion items distributed to shop owners? Items are watches, dinner set, bags etc.
There was a signed contract with party, that means it was not voluntary.
And a target sale so it can be take as a consideration.
Please help me on this matter.
CA Altamush Zafar (GST Consultant) 14 February 2021
SHAHHUL IQBAL (article assisstant) 14 February 2021
Dear sr,
Can't we take the sale target they have to be achieved as a consideration. So that it was not gift and a contract is too there so not a voluntary distribution.
CA Altamush Zafar (GST Consultant) 14 February 2021
Then you will have to value the consideration and pay gst.
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