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input tax credit (ITC) | Businesses can claim input tax credit on gold coins and white goods, procured for distribution

AAR ruled that ITC can be availed on taxes paid for procurement of white goods or gold coins for purpose of incentive to dealer as it is a supply

Saurabh agarwalOrient cement ltdRuling authority of karnatakaAuthority for advance rulingAdvance rulingCement ltdQuarterly quantity discountAdvance ruling authorityInput tax credit itcUthority for advance rulings aarGoods and services tax gst

ITC: Biz can claim ITC on goods procured for distribution to dealers for achieving sales target: GST AAR

The Karnataka-bench of the Authority for Advance Ruling (AAR) has ruled that businesses can claim input tax credit on items like gold coins and white goods procured for distribution to dealers as part of promotional schemes. The AAR stated that these items are not considered gifts as they are issued subject to certain conditions and stipulations.

Saurabh agarwalAbhishek jainAuthority for advance rulingOrient cement ltdNational headRuling authority of karnatakaAdvance rulingCement ltdQuarterly quantity discountPartner saurabh agarwalAdvance ruling authorityIndirect taxesAdvance rulings

GST: Businesses Can Claim ITC on Goods Procured for Distribution to Dealers for Sales Target, Says GST AAR

Input tax credit can be availed on taxes paid for procurement of white goods or gold coins for the purpose of incentive to dealer as it is a supply, according to the Karnataka-bench of the AAR

Abhishek jainSaurabh agarwalRuling authority of karnatakaNational headAuthority for advance rulingOrient cement ltdAdvance rulingCement ltdQuarterly quantity discountPartner saurabh agarwalAdvance ruling authorityIndirect taxesAdvance rulings

Biz can claim ITC on goods procured for distribution to dealers for achieving sales target: GST AAR

Biz can claim ITC on goods procured for distribution to dealers for achieving sales target: GST AAR
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Abhishek jainSaurabh agarwalNational headOrient cement ltdAuthority for advance rulingRuling authority of karnatakaAdvance rulingCement ltdQuarterly quantity discountPartner saurabh agarwalAdvance ruling authorityIndirect taxesAdvance rulings

Business can claim ITC on goods procured for distribution to dealers for achieving sales target: GST AAR, ET RealEstate

Orient Cement Ltd had approached the AAR seeking ruling in whether ITC can be claimed on distribution of gold coins and white goods to its dealers upon achieving a specified target fixed under the scheme.

Abhishek jainSaurabh agarwalRuling authority of karnatakaOrient cement ltdNational headAuthority for advance rulingAdvance rulingCement ltdQuarterly quantity discountPartner saurabh agarwalAdvance ruling authorityIndirect taxesAdvance rulingsOrient cementGst aarAuthority for advance ruling