itc on business promotion expenditures
kulshreshth trivedi (6 Points)
03 August 2019
can we take input tax credit of the speaker purchased for the business promotion?
4 Replies
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 03 August 2019
business promotion means to distribute free ...... then No
yes if it's being installed in office can claim ITC
yes if it's being installed in office can claim ITC
Shivam RC
(Student)
(23683 Points)
Replied 03 August 2019
As per Section 17(5) of the CGST Act 2017, the ITC of Goods distributed as Free Samples is BLOCKED.
However, as said by Pankaj Sir, if used in the course of or furtherance of business, then Yes you can claim ITC.
However, as said by Pankaj Sir, if used in the course of or furtherance of business, then Yes you can claim ITC.
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