I am sole proprietor who is register to sell goods 'x' and for increase in sales. He started mobile scheme of Rs.3,000 on sale of goods ’x’ of amount Rs.1,00,000. And he give mobile free of cost to buyer on completed sales target.
My question is whether I get ITC on mobile and if, I get gst ITC then what procedure I have to follow?
Thanks. Waiting for you opinion.
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ITC on promotion items?
Replies (8)
no itc is not available on mobile being supply of goods without consideration
no itc is not available on mobile being supply of goods without consideration
no itc is not available on mobile being supply of goods without consideration
no itc is not available on mobile being supply of goods without consideration
Thanks Chandan Sir,
Then there is loss of Gst on mobile (as it is 28%, means around 500/-) so there is no other adjustment to save this cost.
Then there is loss of Gst on mobile (as it is 28%, means around 500/-) so there is no other adjustment to save this cost.
No... others.
Is it better to give cash discount of 3000/- then gift items.
whether I am right?
whether I am right?
yes it is better to give cash discount....it give u two way benefit...output tax on low value i.e net of discount ...provided discount is based on the invoice or contractual terms before supply or at the time of supply....
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