GST on FOC Invoice
kiran (accountant) (444 Points)
03 July 2018
Gst applicable on foc invoice within India & outside India
5 Replies
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 03 July 2018
No ,.. But ITC has to be reversed on its purchase
Vinod Babu
(24191 Points)
Replied 04 July 2018
There has to be a consideration for charge GST.Since there is no consideration & spare are free of cost, No GST is to be Charged.
If goods are Supplied for free then you will have to reverse ITC availed on such goods,
If goods are Supplied for free then you will have to reverse ITC availed on such goods,
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 14 February 2019
YES ,... IF THE VALUE(BOOK VALUE) OF FOC GOODS EXCEEEDING 50K
CA Jaya pandey
(Chartered Accountant)
(224 Points)
Replied 06 June 2019
How to clear FOC goods. On Tax Invoice or Bill of Supply? As the goods are FOC can we prepare invoice at 0 value?
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