FOC INVOICE

This query is : Resolved

Haren (Querist)
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16 January 2023 We have send some sample through Transporter by FOC INVOICE which Taxable Value come Rs. 8000.00 + IGST(18%) 1440.00=Rs. 9440.00(Gross Value)

Now our Question is - GSTR 1 & GSTR 3B Return where we show the above FOC Invoice ? Can we pay IGST(Rs. 1440.00) if Yes then Payment Procedure?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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17 January 2023 No need to show such invoice in GST return as no consideration received.
No need to pay GST.
Reverse ITC related to such supply.

Haren

Haren (Querist)
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02 February 2023 How to Reverse ITC related to such supply??????????

Reverse ITC related to such supply Rs. 1440.00 shown in GSTR 3B return in which column?????????????????

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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02 February 2023 Free sample is for business promotion no need to reverse ITC

Haren

Haren (Querist)
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08 March 2023 If FOC Invoice value cross Rupee 50000.00 for Interstate supply then Ewaybill required ???????????????

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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08 March 2023 E way bill required in such a case.