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The Consumer & Retail sector is growing rapidly and is extremely dynamic. Due to constant disruption, managing business has become complicated and cumbersome.
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Our healthcare and life sciences advisory team brings together a combined experience of over 50 years to help businesses navigate through changes, new...
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At Grant Thornton in India, our automotive team works with a wide variety of clients to help them achieve their goals and increase shareholder wealth. Our...
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M&E practice encompasses team of dynamic professionals with deep technical knowledge and extensive experience of working across segments say television, print,...
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At Grant Thornton, we assist dynamic Indian businesses in the Real Estate & Construction sector throughout their business life cycle by offering robust...
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Goods and Services Tax
GST Panel may suggest allowing companies to claim input credit on free supplies
01 Aug 2018
"This move may bring much-needed clarity on the issue of credit eligibility on free supplies, but their quantum and cap needs to be rational.
The impact of capping the input credit eligibility on free supplies based on the overall turnover may vary from industry to industry and a standard cap may not be the most recommended manner of doing away with the anomaly unless backed by industry data and trends."
Krishan Arora
Partner, Grant Thornton India LLP
This article appeared in Bloomberg Quint on 1st August, 2018.
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