Tag Archives: ITC on Gift

No ITC on Gift of Gold Coins to customer at end of Scheme : AAR

By | March 12, 2019

Applicant, engaged in business of developing, manufacturing and distributing crop protection chemicals and hybrid seeds, have a contractual agreement as per which if distributor purchases certain amount of company’s product or makes payment in a prescribed manner, then he shall be entitled to a gold coin of specific weight. Held since distribution of gold coins… Read More »