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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?

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4 Replies

Pankaj Rawat (GST Practitioner) (55037 Points)
Replied 03 August 2019

business promotion means to distribute free ...... then No

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.

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subhagan sreerangam (7039 Points)
Replied 03 August 2019

good clarification and information

kulshreshth trivedi (6 Points)
Replied 04 August 2019

thanku everyone for their replies

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