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itc on business promotion expenditures
can we take input tax credit of the speaker purchased for the business promotion?
Replies (4)
business promotion means to distribute free ...... then No
yes if it's being installed in office can claim ITC
yes if it's being installed in office can claim ITC
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.
However, as said by Pankaj Sir, if used in the course of or furtherance of business, then Yes you can claim ITC.
good clarification and information
thanku everyone for their replies
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