banner_ad

itc on business promotion expenditures

ITC / Input 367 views 4 replies
User Avatar

6 Points Posted on 03 August 2019
can we take input tax credit of the speaker purchased for the business promotion?
Reply Share Follow
On 03 August 2019 at 13:30 Report
Replies (4)
User Avatar

GST Practitioner
55067 Points Posted on 03 August 2019
business promotion means to distribute free ...... then No

yes if it's being installed in office can claim ITC
301 Reply
On 03 August 2019 at 13:39
User Avatar

Student
23688 Points Posted on 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.
97 Reply
On 03 August 2019 at 20:43
User Avatar

7059 Points Posted on 03 August 2019
good clarification and information
33 Reply
On 03 August 2019 at 23:21
User Avatar

6 Points Posted on 04 August 2019
thanku everyone for their replies
Reply
On 04 August 2019 at 09:40


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details