Block Credit - Goods lost, stolen, destroyed, written off or disposed of by way of gift or free samples [section 17(5)(h)] - GST Ready Reckoner - GST

..... d person will not subject to GST, but ITC will have to be reversed. Free sample given to related person will be subject o GST and then ITC will be available. Free supplies given under corporate social responsibility will not subject to GST and ITC will not be available. Gifts procured for customers or distributors, input tax on these gifts are not eligible for ITC. Goods or services procured for brand or sales promotion , input tax on these goods or services are not eligible for ITC. .....

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Block Credit - Goods lost, stolen, destroyed, written off or disposed of by way of gift or free samples section 17(5)(h) - GST Ready Reckoner - GST

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..... , a person cannot take ITC with respect to goods lost, stolen, destroyed or written off. In addition, ITC with respect of goods given as gifts or free samples are also not allowed. [ Section 17(5)(h) of CGST Act] [ refer to Qus. 21 FAQ by CBIC on Input tax credit ] Example 3:- W hat are the requirements for clearance of physician samples distributed free of cost? In case of clearance of physician samples distributed free of cost, the ITC availed on the said samples has to be reversed in view of .....

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Block Credit - Goods lost, stolen, destroyed, written off or disposed of by way of gift or free samples section 17(5)(h) - GST Ready Reckoner - GST

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