ITC ON FREE ITEMS
ambadas swaroop (UN EMPLOYEE) (57 Points)
22 November 2020
CAN I CLAIM ITC ON GOODS WHICH WERE GIVEN FREE TO COSTUMERS ON PURCHASE OF WORTH CLOTHES 3000
5 Replies
Shivam RC
(Student)
(23683 Points)
Replied 22 November 2020
No Sir you cannot claim ITC on goods distributed as Free Samples, Gifts, disposed off or written off, as it is specifically BLOCKED under Section 17(5) clause (h) of the CGST Act 2017. You need to reverse the ITC on these goods.
Vijayprakash P
(1313 Points)
Replied 22 November 2020
U/S 17(5) of GST act 2017, ITC on taxes paid on goods written off or disposed by way of gifts or free samples is specifically blocked.
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 23 November 2020
No ..... It is block u/s 17(5)
Bhavika Kothari
(CA)
(1258 Points)
Replied 06 December 2020
ITC cannot be claimed if goods were distributed as free samples
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