24 March 2023
we are in FMCG field . Some times we will gift our products to our customers and others as free samples , some times as complementary and some time 1+1 offer sales (1 will calculate GST and other will be paid by us). In all the above scenarios we will pay GST . So how to show the above GST payments in GSTR 1 , GSTR 3B , GSTR 9 and GSTR 9C Returns.
Where we have to show this amount in GST R 9 & 9C as well as in Balance sheet.
27 March 2023
Whenever the goods are supplied free of cost, as such no compliances are involved and thus, the supply would not consider a taxable supply, as per section 7 of the CGST Act. The ITC will not be available for such supply.