AAR : No ITC on ‘gold coins’ distributed to customers under sales promotion scheme

Mar 08,2019

Maharashtra AAR denies ITC on procurement of gold coins to be distributed to the customers as part of sales promotion scheme by the applicant engaged in developing, manufacturing and distributing crop protection chemicals and hybrid seeds; Rejects Applicant's contention that gold coins are to be given under contractual obligation with customers, observes that they are voluntarily given on certain conditions achieved by customers; Further notes that u/s 17(5), no ITC can be av...


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