gst on free items
Sachin Gupta (1 Points)
12 August 2017or
taxability of free product
like buy one get one free
Sachin Gupta (1 Points)
12 August 2017
CA Jaspreet Kaur
(Practice)
(192 Points)
Replied 12 August 2017
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 12 August 2017
Yes. I agreed....
It's taxable under GST......
Ikramuddin Saifi
(Senior Accountant)
(158 Points)
Replied 03 June 2023
But I Hear that-Under GST, anything supplied as 'Free', tax will not be levied on such supplies. However, on doing so, businesses need to sacrifice the benefit of input tax credit.
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