Good Afternoon,
I want to reverse the ITC for the goods distributed as Free Samples. But How should I calculate the exact ITC to be reversed on 75 Units as My client use several raw materials with different GST Rates.
Menu
GST Reversal on Free Samples
Replies (5)
As per outward goods rate...
Thanks for Replying
Sir Can you explain why should I reverse the ITC on Outward Rate, not the itc on inputs used for producing them.
I understand based on Your query only...
Please be elaborate Your details...!
Please be elaborate Your details...!
I have the opinion that My Client is using the inputs and availing ITC for the same but he does not supply them further for consideration which made it no supply under law so no output tax will be paid by him.
Means ITC should be reversed on inputs used for that part of manufacturing of those units
Means ITC should be reversed on inputs used for that part of manufacturing of those units
Dear Member.,
Which one give as sample then reverse the same ITC...
Then what about confusion that...?
Which one give as sample then reverse the same ITC...
Then what about confusion that...?
Related Topics
CAclubindia
