Menu
GST on free supply of goods/services
A vendor supplies certain goods/service to his customer free of cost in return of recommendation by customer to third party. Is GST applicable on such transaction? How and who is to pay GST and on what value?
Replies (4)
No, but you reverse ITC
Either u billed to third party or has to reverse ITC in proptionate free delivered (as per sec.17(5))
its a kind of sales promotion, he to reverse the itc on inputs and no gst will be levied on sale as there is no consideration. you have to debot the sales promotion exp. and credit the stock of inputs used along with gst paid on it.
good clarification and information
Recent Threads
- Can I set off equity losses(both short term loss a
- Input tax credit on rent to rent
- Family Pension Army
- Waste Management services
- Seeking Clarity: New Transport Allowance Limits (D
- Query regarding Consolidated Gift Deed for Bank Tr
- TDS u/s194IB - Joint Ownership
- Free GST Reconciliation Tool in Google Sheets R
- NRI return after due date refund case
- TDS u/s 194J - training honorarium
Related Threads
CAclubindia
