WE ARE GARMENT MANUFACTURER AND I HAVE GIVEN A PERSON ( OTHER THAN EMPLOYEE) A GARMET AS A GIFT WITHOUT ANY CONSIDERATION.. SO HOW DO I SHOW IT INTO THE ACCOUNTS??
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Gst invoice on gift item
Replies (4)
advertisement expenses account debit
just mention item in invoice with zero rate, no need to pay gst.
PLEASE GIVE ME FULL EXPLAINATION FOR THIS ENTRY.
https://www.caclubindia.com/articles/free-samples-promotional-items-under-gst-with-examples-30440.asp
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