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Tarun Kumar (114 Points)

17 December 2018

can we claim itc on visiting card, dairy
Calendar etc.?

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CA ABHAY GUPTA (Practice) (3230 Points)
Replied 17 December 2018

Goods lost, stolen, destroyed or written off or disposed of by way of gifts or free samples will also not qualify for GST. This includes diaries, calendars and other gifts disposed of/distributed on occasions such as New Year’s Eve, etc.

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pritesh (CA Final student) (7101 Points)
Replied 17 December 2018

yes you can claim it is your business expenses.

according to me section 17(5) will not attract.
sec 17(5) stat only
Goods lost, stolen, destroyed, written off or disposed off by way of gift or free samples.

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