Companies take taxman to court over denial of GST credit on gifts - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Companies take taxman to court over denial of GST credit on gifts

Under the Goods and Services Tax (GST) framework, companies can set off costs incurred on raw materials or input services against future tax liabilities. However, it denies this benefit on goods distributed as gifts or given free.

from Economy-News-Economic Times
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