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 .
Menu
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 :
- Capital Gains Mismatch Due to Sale Agreement in FY
- REGARDING NRO INVESTMENT IN SHARES OF DOMESTIC COM
- DTAA benefits
- SUPPLEMENTARY AGREEMENT FOR ADDING A PARTER IN TN
- Part availmement of ITC in case of rejection of su
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
- Inward E-way bill from Tally Prime 7.1
- Query regarding exemption under Section 10(10AA) &
- NPO registered under sec 8 itr filing
Related Topics :
CAclubindia
