Free samples in pharmaceutical company
Harshita Lahoty (73 Points)
23 December 2022
What is the treatment of free sapmples given by supplier to a party , how to account for it in GST?
5 Replies
Sravan Yelagandula
(Employee)
(87 Points)
Replied 23 December 2022
Supplier has to reverse ITC availed on free samples
shyam
(Executive)
(74 Points)
Replied 25 December 2022
In case of receipt no GST credit and in case of distribution as free Sample GST is payable
Asha Kanta Sharma
(Manager - Finance & Accounts)
(48460 Points)
Replied 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.
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