Dear All,
We are in Automotive Components Manufacturing sector. We need to issue free Samples of our products to our Indian Customers as well as foreign customers. How do we account these transactions and GST impact?
mohanraj_vkj @ yahoo.co.in
5 Replies
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 27 June 2019
Reverse ITC attributable to Free sample Given (As per section 17(5))
Mohanraj J
(1178 Points)
Replied 27 June 2019
so, how do we handle this in accounting, Billing, gst etc???
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 27 June 2019
Prepare the inventory for Free sample & reverse the ITC for their corresponding Purchases in GSTR 3B under table 4, Row B(2)
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