We are sending some new year diaries as free gifts to our customer. which document will be raised, i.e. TAX INVOICE or DELIVERY CHALLAN
Menu
Taxability of new year Free gifts
Replies (5)
Tax Invoice
but value is zero,
but value is zero,
also refer ITC rules on " Supplies as free samples"
You can deliver the diaries through Delivery Challan...
ITC not available for the purchase of diaries for giving gift. ITC will be reversible.
ITC not available for the purchase of diaries for giving gift. ITC will be reversible.
I aggre with Raja Sir. Deliver the New Year Diaries by issuing a DELIVERY CHALLAN.
Delivery challan U/R 55 otherthan way of supply and reversed the ITC .
Recent Threads
- Registration as deductor on traces site
- Rental Income from a Joint Holding property
- Itr 4 return filing question
- Whether GST applicable on Hardship Compensation pa
- ITC cannot be denied to Bona Fide Buyers for Suppl
- Unused ITC for Hotel after GST Change
- CA FINAL SPOM
- 44ad presumption of tax
- Friendly loan to blood relative?
- Tds penalty for in operative pans
Related Threads
CAclubindia
