Input tax credit (ITC) - Section 17(5)(h) of CGST Act 2017 does ...

No ITC on Gifts: Section 17(5)(h) of CGST Act bars input tax credit for goods given as gifts or free samples.

October 16, 2019

Case Laws GST AAR

Input tax credit (ITC) - Section 17(5)(h) of CGST Act 2017 does not allow credit on any goods disposed by way of gift or free samples, whether or not in the course or furtherance of business, It is an admitted fact that the applicant herein purchases the items to be disposed as gifts under various incentive schemes to dealers/ painters etc. Therefore the applicant is not entitled to avail ITC on such items.

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Input tax credit (ITC) - Section 17(5)(h) of CGST Act 2017 does ...

No ITC on Gifts: Section 17(5)(h) of CGST Act bars input tax credit for goods given as gifts or free samples.

October 16, 2019

Case Laws GST AAR

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