Hi
When products distributed as samples, ITC of these goods have to reversed or can I claim ITC on these goods.
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Reversal of Input tax credit
Replies (3)
It has to be reversed u/s 17(5) of the Act
yes goods disposed by way of gift or free sample section 17(5)(h) you have to reverse your credit
(h) goods lost, stolen, destroyed, written off or disposed of by way of gift or free
samples
REVERSE IT
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