CIRCULAR
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Circular |
Subject |
| Circular No. 241/35/2024-GST Dated 31.12.2024 [Para 3.6] | Clarification on availability of input tax credit as per clause (b) of subsection (2) of section 16 of the Central Goods and Services Tax Act, 2017 in respect of goods which have been delivered by the supplier at his place of business under Ex-Works Contract |
| Circular No. 229/23/2024-GST Dated 15.07.2024 [Para 6] | Clarification regarding GST rates & classification (goods) based on the recommendations of the GST Council in its 53rd meeting held on 22nd June, 2024, at New Delhi |
| Circular No. 92/11/2019-GST Dated 07.03.2019 | Clarification on various doubts related to treatment of sales promotion schemes under GST |
CASE LAW
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2024(10)LCX0376 Madras High Court ARS Steels & Alloy International Pvt. Ltd |
Petition challenging denial of ITC on sales promotion is dismissed as restrictions in Section 17(5)(h) explicitly deny ITC on goods disposed of as gifts or free samples, irrespective of their use in promotional activities |
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2024(09)LCX0557 Telangana High Court Abbott India Ltd. |
Matter to decide constitutional validity of departmental Circular dated 26.10.2018, as being de hors the provisions of Section 17(5) (h) of CGST Act 2017, is to be listed on 07.11.24. |
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2021(06)LCX0114 Madras High Court ARS Steels & Alloy International Pvt. Ltd |
Reversal of ITC u/s 17(5)(h) not applicable in cases of loss by consumption of input inherent to process of manufacture |
ADVANCE RULING
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2025(02)LCX0356(AAAR) Telangana Geekay Wires Ltd. |
Input Tax Credit (ITC) must be reversed on raw materials and finished goods lost in a fire, regardless of whether the loss occurred before or after manufacturing, as per Section 17(5) of the SGST Act, overriding the general ITC entitlement under Section 16. |
COMMUNITY INSIGHTS
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Topic |
Publish Date |
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Sales Promotional Expenses- ITC available or not In the competitive world, the companies usually execute/implement certain attractive promotional methodology to the boost up the sale of their goods or services and to attract new customers. These methodologies include various discount offers, involvement of free samples, providing warranty services etc. In this respect it is important to know about the GST implications on said attractive ..................... Read More |
17.01.2025 |
