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Free samples in pharmaceutical company

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73 Points Posted on 23 December 2022
What is the treatment of free sapmples given by supplier to a party , how to account for it in GST?
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On 23 December 2022 at 13:28 Report
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17 Points Posted on 23 December 2022
Full amount gst payable,
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On 23 December 2022 at 18:33
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Employee
87 Points Posted on 23 December 2022
Supplier has to reverse ITC availed on free samples
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On 23 December 2022 at 22:32
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Profession Business
28196 Points Posted on 24 December 2022
No input tax credit on free samples.
44 Reply
On 24 December 2022 at 08:09
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Executive
74 Points Posted on 25 December 2022
In case of receipt no GST credit and in case of distribution as free Sample GST is payable
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On 25 December 2022 at 12:44
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Finance/Compliance Consultant
61373 Points Posted on 26 December 2022

Ideally, I can see billing these @ Rs. 1/- + GST as a practise to keep a track and better manage in terms of accounting.   

20 Reply
On 26 December 2022 at 14:58


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