watch_later 08/06/17

Whether input tax credit can be fully availed on goods purchased and then sent as free samples?

Whether partial ITC to be reversed or full credit needs to be reversed?

1 Response | Latest response: 08/06/17 | Sort by Likes(thumb_up) Recent | GST Reply
watch_later 08/06/17

Section 17(5)(h) of CGST act specifically have mentioned that goods supplied for free, for them ITC has to be reversed.

So if any goods or products supplied for free whether as a sample, or destroyed or lost, Input Tax Credit will not be available.


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