Dear All,
We are in Automotive Components Manufacturing sector. We need to issue free Samples of our products to our Indian Customers as well as foreign customers. How do we account these transactions and GST impact?
mohanraj_vkj @ yahoo.co.in
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GST for Free Samples to Customers
Replies (5)
free sample will be GST treatment
Reverse ITC attributable to Free sample Given (As per section 17(5))
GST credit not available on free samples
so, how do we handle this in accounting, Billing, gst etc???
Prepare the inventory for Free sample & reverse the ITC for their corresponding Purchases in GSTR 3B under table 4, Row B(2)
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