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Annex Republic of the Philippines Department of Finance Bureau of Internal Revenuer BIR BCS/ Use Only Item: BIR Form No. Quarterly Income Tax Return1701QFor Individuals, Estates and Trusts January
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Use only item refers to a specific item or product that is intended for internal use only within a company or organization and not for external distribution or sale.
The department or individuals responsible for managing the inventory or production of use only items are required to file use only item.
Use only item can be filled out by providing details about the item, including its description, quantity, location, and intended use within the organization.
The purpose of use only item is to track and control the internal usage of specific items to ensure efficient inventory management and cost control.
Information such as item description, quantity, location, intended use, date of entry, and person responsible for the item must be reported on use only item.
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