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High Seas Sale & Sales Promotion

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This query is : Resolved

Sanjib Mukherjee (Querist)
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08 July 2017 Before GST High Seas Sale was exempted. Both buyer and seller not charge any tax on invoice. Buyer used to paid Custom Duty and file Bill of Entry. In GST whether seller will charge IGST and buyer will also paid IGST during filling bill of entry. This is not clear. What is the actual treatment under GST regime. Second if we provide free items in a Invoice to promote the sale and before GST vat was not charged it was exempt. Sometime we provide items with free of cost to our distributor or sales person. They distribute the same on various exebition , fair etc. What is treatment under GST? Whether we have to issue Debit Note under RCM

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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08 July 2017 High Seas Sale continue to be exempted under GST IGST payable only by the person filling bill of entry.
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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