Dear All,
Please suggest we imported goods as sample material and paid import duty(BCD,SWS &IGST) having valid Bill of entry copy can we claim input for IGST part or else it is ineligible as sample material import .
Input on Sample material Import
Replies (1)
YOU CAN CLAIM ITC, There is no provision in GST restricting ITC for sample material purchased
The restriction is for the distribution of samples free of cost in such case only ITC needs to be reversed.
So, if you are distributing something free of cost then ITC used to produce such goods needs to be reversed.
Recent Topics :
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
Related Topics :
CAclubindia
