https://www.taxtmi.com/article/detailed?id=7670 Section 17(5)(h) blocks input tax credit on goods disposed of by way of gift or free samples even if inward supplies are used in the course or furtherance of business under Section 16. If a transfer carries extra-commercial or contractual consideration it must be valued under the Valuation Rules and treated as a taxable outward supply, preserving corresponding ITC effects. Purchases intended as gifts can be structured as B2C to avoid ITC entitlement and reduce reversal and reconciliation burdens; transfers to employees require separate treatment under Schedule I and Schedule III. en-us Mon, 16 Oct 2017 12:32:16 +0530 Mon, 16 Oct 2017 13:05:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7670 Section 17(5)(h) blocks input tax credit on goods disposed of by way of gift or free samples even if inward supplies are used in the course or furtherance of business under Section 16. If a transfer carries extra-commercial or contractual consideration it must be valued under the Valuation Rules and treated as a taxable outward supply, preserving corresponding ITC effects. Purchases intended as gifts can be structured as B2C to avoid ITC entitlement and reduce reversal and reconciliation burdens; transfers to employees require separate treatment under Schedule I and Schedule III. Articles Goods and Services Tax - GST Mon, 16 Oct 2017 12:32:16 +0530 https://www.taxtmi.com/article/detailed?id=7670