Menu
GST on free supply of goods/services
A vendor supplies certain goods/service to his customer free of cost in return of recommendation by customer to third party. Is GST applicable on such transaction? How and who is to pay GST and on what value?
Replies (4)
No, but you reverse ITC
Either u billed to third party or has to reverse ITC in proptionate free delivered (as per sec.17(5))
its a kind of sales promotion, he to reverse the itc on inputs and no gst will be levied on sale as there is no consideration. you have to debot the sales promotion exp. and credit the stock of inputs used along with gst paid on it.
good clarification and information
Recent Topic
- Subscription/Membership fees
- Inverted tax gst refund
- Mismatch of pincode and district while registering
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
- SALE OF EQUITY ON THE LAST DAY OF THE FY 2024-25 N
- Which ITR form
- Form 103 id delayed for submission for more than 1
Related Topics
CAclubindia
