GST Implications on Gold Coins & White Goods Incentives

In re Orient Cement Limited (GST AAR Karnataka) ITC available on gold coin distributed to dealers as incentive under the scheme The AAR, Karnataka, in M/s. Orient Cement Limited [Advance Ruling No. KAR ADRG 27 of 2023 dated August 24, 2023] ruled that, ITC on gold coins is not restricted under section 17(5)(h) of the Central Goods and Services Tax Act, 2017 (“the CGST Act”), since the gold coin is not given as gifts but as the achievement of marketing targets set by the assessee. Facts: M/s. Orient Cement Limited (“the Applicant”) is engaged in manufacturing and supply of Cement. The A...