Input eligibilty on supply of free sample with 1 product
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 January 2018
Dear Expert
We are selling One product with Free sample as business promotion in normal course of business
my Query 1) Can we take input credite for purchase of this product(writch watch)
Query(2) Whether we have to pay Gst on Supply of Free sample product
Thanking you
We are selling One product with Free sample as business promotion in normal course of business
my Query 1) Can we take input credite for purchase of this product(writch watch)
Query(2) Whether we have to pay Gst on Supply of Free sample product
Thanking you
22 January 2018
For wrist watch you can take ITC but for the free samples ITC needs to be reversed.And on sale of free sample to unrelated party GST not applicable.
22 January 2018
you can claim full ITC but you have to Calculate Outward GST Liability on the Basis of Market Value of Free sample and pay GST Liability adjusting ITC on Purchase.
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