GST ON FREE SAMPLES
This query is : Resolved
PURI HARMEET SINGH
(Querist)
25 July 2017
If we send free samples to overseas than we need to make RCM invoice ? Can we claim ITC ?
Rahul varshney
(Expert)
26 July 2017
According to credit provisions in the GST Act, input tax credit shall not be allowed for goods lost, stolen, destroyed, written off or disposed of by way of gift or free samples. Accordingly, input tax credit is required to be reversed pertaining to goods which have been disposed of by way of free samples.
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