banner_ad

Sample Quantity

Others 172 views 4 replies
User Avatar

Proprietor
538 Points Posted on 14 October 2020
Whether we have to reverse GST input on sample given for Auction Sale of Tea. The broker draw a fixed quantity of tea per lot as samples for free distribution to buyers who qualify to receive free trade samples as per the directive of the respective Auction Centre.
0 Reply Share Follow
On 14 October 2020 at 16:09 Report
Replies (4)
User Avatar

"Do the Right Thing...!!!"
128152 Points Posted on 14 October 2020
Yes, if it's not treated as sale.
Reply
On 14 October 2020 at 19:19
User Avatar

Student
23693 Points Posted on 15 October 2020
Yes it needs to be reversed since it is a blocked credit.

As per the Provision of Section 17(5) clause (h) of the CGST Act 2017, ITC on Goods lost, stolen, destroyed, written off or disposed of by way of gift or "FREE SAMPLES" is specifically BLOCKED.
Reply
On 15 October 2020 at 01:23
User Avatar

Proprietor
538 Points Posted on 15 October 2020
If sample is given as per provision of any other law whether then also we have to reverse it????
Reply
On 15 October 2020 at 17:05
User Avatar

Student
23693 Points Posted on 16 October 2020
Sir what do you man by Provision of any other law ???
Reply
On 16 October 2020 at 16:37


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details