WHAT WE CAN SHOW FREE QUANTITY OR SCHEME QUANTITY IN GST SALES INV.AS GST ACT
This query is : Resolved
Quick Summary
16 June 2021
Respected Sir,
We are traders of cold drinks item , we have cold drink trading to our customer with scheme item in gst inv.
for example
sale qty- 10 carton, GST paid
free/scheme qty - 2 carton Free
total - 12 caton
as per GST act we can give scheme qty or free qty to our customer
Please guide me
We are traders of cold drinks item , we have cold drink trading to our customer with scheme item in gst inv.
for example
sale qty- 10 carton, GST paid
free/scheme qty - 2 carton Free
total - 12 caton
as per GST act we can give scheme qty or free qty to our customer
Please guide me
16 June 2021
Show it as discount in the invoice itself.
17 June 2021
Yes, Such schemes are allowed under GST, you can give.
17 June 2021
Yes, you can give such schemes.
On the invoice you will mention the correct quantity. Under the discount mention the details of 2 quantity.
Further, in my opinion you should reverse the ITC on the 2 quantities you have given for free.
On the invoice you will mention the correct quantity. Under the discount mention the details of 2 quantity.
Further, in my opinion you should reverse the ITC on the 2 quantities you have given for free.
17 June 2021
No need for reversal of ITC in such schemes.
It's not a free gift it's only trade discount.
It's not a free gift it's only trade discount.
20 June 2021
Agree with Seetharaman ji
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- ADVANCE PAYMENT OF ADVOCATE
- TDS Return Q1 FY 2026-27
- Eway bill generation from place other than registeted
- CREDIT NOTES WITHOUT GST
- DIN reactivation
- REGARDING ANNUAL RETURNS FILLINGS OF A COMPANY INCORPORATED ON 28.03.2025
- Condonation . E-Verification of last year return .
- UNWANTED CREDIT BALANCE OF GST AS PER BOOKS
- GST rate and HSN code for sale of racing horses
- Depreciation of fixed assets- coop housing society in mumbai
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
