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FREE SAMPLE & REPLACEMENT IN WARRANTY PERIOD, Goods and Services Tax - GST |
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FREE SAMPLE & REPLACEMENT IN WARRANTY PERIOD |
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FREE SAMPLE & REPLACEMENT IN WARRANTY PERIOD GST PAYABLE OR NOT & WHAT RULE / SECTION IN GST Posts / Replies Showing Replies 1 to 6 of 6 Records Page: 1
please refer to the id- 112773
also please refer 112450
FAQ: Drugs & Pharmaceuticals Question 2: What are the requirements for clearance of physician samples distributed free of cost? Answer: In case of clearance of physician samples distributed free of cost, the ITC availed on the said samples has to be reversed in view of the provisions under Section 17(5)(h) of the CGST Act, 2017.No tax is payable on clearance of physician samples distributed free of cost as the value of supply is zero and no credit has been availed.
In case of free sample GST is not applicable on the supply part but proportionate input tax credit need to be reversed.Thanks.
Proportionate ITC needs to be reversed.
Yes, ITC is to b reversed. Page: 1 Old Query - New Comments are closed. |
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