Madras HC denies GST ITC on gold coins and T-shirts used in sales promotions

ARS Steels and Alloy International Private Limited Vs State Tax Officer (Madras High Court) Madras High Court dismissed a plea by ARS Steels and Alloy International Private Limited challenging the denial of Input Tax Credit (ITC) under the Tamil Nadu Goods and Services Tax (TNGST) Act, 2017. The petitioner sought ITC on purchases of gold coins and T-shirts used for sales promotion activities, which the authorities had disallowed citing Section 17(5)(h) of the Central GST (CGST) Act, 2017. The court upheld the orders of the Appellate Commissioner affirming the assessment orders for the financia...