https://www.taxtmi.com/forum/issue?id=119063 Whether input tax credit on media and ink used to produce printed samples at an exhibition must be reversed depends on whether those consumables are treated as free samples (triggering ITC blockage) or as inputs consumed in a business demonstration (not requiring reversal); the debate highlights the illustrative nature of administrative circulars, the absence of a prescribed quantification methodology for reversal when inputs are used to manufacture items later disposed of, and the importance of contemporaneous documentation to mitigate assessment risk. en-us Tue, 09 Apr 2024 16:54:19 +0530 Fri, 24 Jan 2025 10:40:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119063 Whether input tax credit on media and ink used to produce printed samples at an exhibition must be reversed depends on whether those consumables are treated as free samples (triggering ITC blockage) or as inputs consumed in a business demonstration (not requiring reversal); the debate highlights the illustrative nature of administrative circulars, the absence of a prescribed quantification methodology for reversal when inputs are used to manufacture items later disposed of, and the importance of contemporaneous documentation to mitigate assessment risk. Discussion-Forum GST Tue, 09 Apr 2024 16:54:19 +0530 https://www.taxtmi.com/forum/issue?id=119063