Reversal of Input tax credit

15 February 2018

Hi

When products distributed as samples, ITC of these goods have to reversed or can I claim ITC on these goods.

Reply
Follow
Share

3 Replies

Natasha jhaver (Head - Indirect Tax) (237 Points)
Replied 15 February 2018

It has to be reversed u/s 17(5) of the Act

Mondira Saha (GST) (3925 Points)
Replied 15 February 2018

yes goods disposed by way of gift or free sample section 17(5)(h) you have to reverse your credit

CA Naveen Chand (Chartered Accountant) (12739 Points)
Replied 15 February 2018

(h) goods lost, stolen, destroyed, written off or disposed of by way of gift or free
samples

REVERSE IT

Start a New Discussion