News Topics

Can we claim the ITC on goods which are distribut…

Can we claim the ITC on goods which are distributed free for the sales promotion?

Can we claim the ITC on goods which are distributed free for the sales promotion?


0
Jeeba Jul. 12, 2018

No
As per section 17 of the GST, in case of goods lost, stolen, destroyed, written off or disposed of by way of gift or free samples are not eligible for the input tax credit under the act.