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gst on free items

366 views 3 replies
whether free items supplied are subject to gst or not

or
taxability of free product
like buy one get one free
Replies (3)
free items as in buy one get one free are subject to GST
Here taxable value will be the consideration charged from the customer for both.

Yes. I agreed....

It's taxable under GST......

But I Hear that-Under GST, anything supplied as 'Free', tax will not be levied on such supplies. However, on doing so, businesses need to sacrifice the benefit of input tax credit.


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