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 12 Replies

prasad Nilugal

prasad Nilugal   23 June 2021

Have you taken input tax credit on free sample ?.
shuba Kirthi

shuba Kirthi   23 June 2021

No we haven't taken the credit
prasad Nilugal

prasad Nilugal   23 June 2021

If you have. not taken the credit , then why reversal of ITC query ?.
shuba Kirthi

shuba Kirthi   23 June 2021

I am a manufacturer and supply 100 bottles of oil out of which 2 bottles I supply as free sample now I want to reverse the ITC for free supply can I apply rule 42 of CGST act
prasad Nilugal

prasad Nilugal   23 June 2021

Input tax credit is available to receipent or who purchase the Goods not to supplier and, you are supplier of Goods .
1 Like
shuba Kirthi

shuba Kirthi   23 June 2021

Yes I am a supplier but the raw material which I purchase for manufacturing the products which I supplied as sample shall I take itc or need to reverse
prasad Nilugal

prasad Nilugal   23 June 2021

As per section 17(5) (h) of the CGST act 2017 , input tax credit. on free sample. is blocked credit or input tax credit not available ,so you need to reverse input tax credit .
shuba Kirthi

shuba Kirthi   23 June 2021

Yes thank you if I have taken the credit attributes to raw material reversal will be done proportionately as per rule 42 or if I haven't taken the credit so far no need to reversal
prasad Nilugal

prasad Nilugal   23 June 2021

If you not taken the input tax credit , then you have to show in table 4(D) (1) ineligible ITC of GSTR3B ( As per section.17(5) )
shuba Kirthi

shuba Kirthi   23 June 2021

Thank you Prasad
prasad Nilugal

prasad Nilugal   23 June 2021

Well come madam , aslo please just confirm with your C.A also .
shuba Kirthi

shuba Kirthi   23 June 2021

Sure sir thank you

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