TMI BlogInput Tax Credit - ITC on Gift - GST paid on inputs/input services procured by the appellant to...Input Tax Credit - ITC on Gift - GST paid on inputs/input services procured by the appellant to implement the promotional scheme under the name 'Buy n Fly' - as per the provisions of the CGST Act/TNGST Act 2017 more precisely, Section 17 (5) of the Act, the gifts or rewards given without consideration even though they were given for sales promotion do not qualify as inputs for the purposes of Credit, since no GST is paid on its disposal. Therefore, the input tax credit on the inputs and input se..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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