Menu
Free samples in pharmaceutical company
What is the treatment of free sapmples given by supplier to a party , how to account for it in GST?
Replies (5)
Quick Summary
Full amount gst payable,
Supplier has to reverse ITC availed on free samples
No input tax credit on free samples.
In case of receipt no GST credit and in case of distribution as free Sample GST is payable
Ideally, I can see billing these @ Rs. 1/- + GST as a practise to keep a track and better manage in terms of accounting.
Recent Topics :
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
- Regarding 3CEB query
- Omitted E-Commerce Sales Reported in Table 14 but
- Omitted sales shown in GSTR-1 Table 14 but not in
- EWAY BILL TAKE OUT OF OTHER COMPAMY
- Penalty & late fee for late ITR filing
- Business discontinued as Government took possessio
Related Topics :
CAclubindia
