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Giving gift to customers from sale item

This query is : Resolved 

I purchased some items for selling. and I claimed GST against the purchase. Now I want to give one item to my regular customer as Gift.
1. Do I have to raise sale Invoice? If Yes, What do I have to Debit ? becoz I dont receive Money for it.
2. If No, How to release this item from my inventory?
3. Do I have to reverse the GST?

Release it as gift no tax invoice required reverse ITC claimed on it.

1. No 2. Nothing to do. Deduct the value from purchase

3. Reverse the GST as per Sec 17(5)

Do we receive any acknowledgement from customers ?

No need for any acknowledgement.

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