Kanahiya Realty (P.) Ltd. {AUTHORITY FOR ADVANCE RULINGS, WEST BENGAL} :Date of Order : 30-09-2021simplified explanation of the GST rulings from the West Bengal Authority for Advance Rulings:
Input Tax Credit on Sales Promotion Items:
Context: Kanahiya Realty Pvt. Ltd., a manufacturer of hosiery goods, offered promotional items like gold coins, refrigerators, air-conditioners, etc., at a discounted price to its retailers upon achieving sales targets.
Issue: Whether input tax credit (ITC) is admissible on these promotional items, considering they are supplied at a...
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