Gold Coins and White Goods to Dealers on Achieving Sales Target are “Supply”, ITC Allowable: KAAR [Read Order]

Gold Coins - White Goods - Dealers - Achieving Sales Target - Supply - ITC Allowable - KAAR - taxscan

The Bangalore bench of Karnataka Authority for Advance Ruling (KAAR) held that the distribution of gold coins and white goods to the dealers upon their achieving the stipulated lifting of the material/ purchase target during the scheme period are treated as supplies and eligible to claim Input Tax Credit (ITC) under Section 17(5)(h) of the…

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