In case goods disposed off by way of free sample:
In the case of goods disposed of by way of free samples, the supplier cannot claim Input Tax Credit (ITC) because no consideration is received for these goods. ITC is generally available when there is a taxable supply for consideration. Since no consideration is involved in giving away free samples, the supplier is not eligible to claim ITC on the tax paid for those samples.
Who won the men’s World Rapid Chess Championship 2021?
_________ has entered into a strategic partnership with Zoho to accelerate the digital transformation of firms across the technology ecosystem.
Consider the following statements aboutGreen rising initiative:
1. Recently, UNESCO in collaboration with India's Ministry of Environment...
Who is the Chairman & Managing Director of Power Finance Corporation ?
Who has been elected as the new Prime Minister of Finland?
Who has become the first Indian Women’s cricketer to be named a Wisden Cricketer of the Year?
Who is the author of the book “Stars In My Sky”?
What is the significance of UPI's launch in France?
Recently the Indian Navy received two MH 60R multi- role helicopters from which country ?
How much gross additional spending has been approved by the Parliament which includes the spending for Mahatma Gandhi National Rural Employment Guarante...