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INVOICE FOR ITEMS ON GIVEN ON SCHEME AT RE. 1 OR FOR FREE

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ASHISH ARAT

ASHISH ARAT (Querist)
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06 February 2023 DEAR SIR,

HOW TO INVOICE FREE ITEMS WHEN ONE IS REGISTERED DEALER? DOES IT ATTRACT 194R IF WE MAKE INVOICE?

BEST REGARDS,

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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06 February 2023 Issue bill of materials in case of free supply
Tax invoice required for Re 1 supply

No TDS under section 194R to be deducted if: value does not exceed Rs. 20,000 in a financial year.

R. B. Yadav (CMA, LLB)

R. B. Yadav (CMA, LLB) (Expert)
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06 February 2023 No need to issue Re. 1 invoice for free supplies as supply of free of cost is not supply under GST. Material can be moved on delivery challan.

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