Buy one get one offer

146 views
User Avatar

5 Points Posted on 21 April 2020
I have purchased 10 nos of goods from manufacturer. But we sell as 9+1 scheme. Can I need to reverse the ITC.
0 Reply Share Follow
On 21 April 2020 at 07:37 Report
Replies (2)
Quick Summary
This discussion clarifies the Goods and Services Tax (GST) implications for 'Buy One Get One' (BOGO) offers, specifically a 9+1 scheme. It confirms that when goods are sold under such a promotional scheme, where effectively 10 items are supplied for the price of 9, there is no need to reverse Input Tax Credit (ITC). This is because the scheme is treated as a supply of two goods for the price of one, as per Circular 92/11/2019 GST.

User Avatar

artical assistent
35 Points Posted on 21 April 2020
No need to reverse the itc
Reply
On 21 April 2020 at 12:43
User Avatar

GST Practitioner
55067 Points Posted on 22 April 2020
No not required to Reverse the ITC .
It's being treated as supply of 2 goods in price of 1 (Refer Circular 92/11/2019 GST)
Reply
On 22 April 2020 at 13:59

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Foreign remittance
  2. Affordable Residential Flats in Gurgaon
  3. Manufacturing
  4. TAN REGISTRATION ON E-FILLING SITE
  5. Form 10-IEA – Continuing Old Regime
  6. Income tax act 2026
  7. Belated Return where Form 10IEA filed this year to
  8. GST Reconciliation Tool (2A vs Books) - looking fo
  9. TDS ON PF FORM 19 WITHDRAWAL
  10. Can a virtual office in Mumbai be used for company

More recent discussions | Post

Related Topics :

Loading