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ITC on distribution

s.m ki vines and imp cnt (9 Points)

16 July 2021  
In one the client they have purchase certain goods and than distributed to local people as a social welfare expense than on those goods gst credit is allowed or it should be expensed to p/l.

 16 Replies

CA Altamush Zafar (GST Consultant) (10960 Points)
Replied 16 July 2021

Expensed to P& L. No ITC available on such items.

CMA Poornima Madhava (CMA) (12987 Points)
Replied 16 July 2021

Expense it as no ITC on such goods can be availed.

Sourav (Student) (23887 Points)
Replied 16 July 2021

No ITC is not available in this case

CA ANURAG (CA ) (15467 Points)
Replied 16 July 2021

Itc won't be available in this case. however you can claim it as an expense in p n l

Sateesh Kumar (189 Points)
Replied 16 July 2021

No ITC claim for the expenses only

Pankaj Rawat (GST Practitioner) (51638 Points)
Replied 16 July 2021

No.... iTC is block on free supply u/s 17(5)

sabyasachi mukherjee (6687 Points)
Replied 17 July 2021

The information displayed here is wrong.
One is Nature of supplies not yet rated.
Whether gst is applicable or not that is also not certain.

Balamurali Unnithan MS (STUDENT) (1631 Points)
Replied 17 July 2021

What goods -Exempted /Taxable?

sabyasachi mukherjee (6687 Points)
Replied 18 July 2021

How can you say blocked credit.
Sec 17(5) is applicable in the following cases.

Sourav (Student) (23887 Points)
Replied 18 July 2021

ITC is blocked

Sateesh Kumar (189 Points)
Replied 18 July 2021

No ITC section 17(5)

sabyasachi mukherjee (6687 Points)
Replied 19 July 2021

Nature of goods needs to be mentioned by the query string.

Sourav (Student) (23887 Points)
Replied 23 July 2021

It is blocked

Bhavika Kothari (CA) (1204 Points)
Replied 23 July 2021

GST credit is not allowed if you distribute the goods as free samples. In this case since no consideration was paid, the seller cannot claim input tax credit ( ITC ) of such inputs


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