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ITC ON FREE ITEMS


ambadas swaroop (UN EMPLOYEE)     22 November 2020

ambadas swaroop
UN EMPLOYEE 
 1 likes  55 points

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CAN I CLAIM ITC ON GOODS WHICH WERE GIVEN FREE TO COSTUMERS ON PURCHASE OF WORTH CLOTHES 3000

avater

Aditi Kaur (Practising CA)    23 November 2020

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Shivam RC

Shivam RC (Student)     22 November 2020

Shivam RC
Student 
 2954 likes  23387 points

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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.

ayusmita

ayusmita (Tax consultant)     22 November 2020

ayusmita
Tax consultant 
 365 likes  5487 points

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On free sample there is no itc

Vijayprakash P

Vijayprakash P   22 November 2020

Vijayprakash P

 80 likes  1308 points

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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

Pankaj Rawat (GST Practitioner)     23 November 2020

Pankaj Rawat
GST Practitioner 
 3632 likes  49290 points

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No ..... It is block u/s 17(5)

Bhavika Kothari

Bhavika Kothari (CA)     06 December 2020

Bhavika Kothari
CA 
 17 likes  477 points

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ITC cannot be claimed if goods were distributed as free samples


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