Case Law Details
In re Musashi Auto Parts India Private Limited (GST AAAR Haryana)
The Appellant has claimed that the gift items have been used in ‘Business Promotion’ viz. the furtherance of business and credit is admissible in terms of Section 16 of the CGST/SGST Acts.
ITC cannot be taken by a taxable person on the items i.e. goods and services which are used for personal consumption. The items mentioned by the Appellant viz. Sweets; Dry fruits; Electronic Items and Gold & Silver Coins etc. are essentially being given to the relevant persons as items of personal use/ consumption. The ITC, thus, is not admissible on the same.
Read AAR Order : No ITC on distribution of sweets, dry fruits etc for business promotion
FULL TEXT OF THE ORDER OF APPELLATE AUTHORITY FOR ADVANCE RULING, HARYANA
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