Hello!
Our client is a gst registered dealer selling medicines. They also give free medicines as an act of charity and not for promotion of business. How shall we show those free supply in the returns and can we claim ITC?
Thanks in advance!
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Free supply as charity
Replies (5)
No you can't claim that itc, you should reverse the itc for free supplies that has happened...
yes agree with Vineeth R sir.
Should I show the free supply in the return? If yes, how?
how we reverse the credit please clerify the entries
u have to reverse ITC in 3b under table 4 row D (1) under sec 17(5)
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