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Sample received and further sale without charge
If 'A' received goods as free sample without charge and further transfer the sample without charge,then what would be treatment in books during receiving and transferring such sample under GST?
Replies (3)
Quick Summary
If a product is purchased as for example (3+1) and sold same as (3+1) then no GST is need to be charged. the value as supplier mentioned in invoice shall be charged by the seller.
hence value should be taken zero.
hence value should be taken zero.
As sample poses no value , neither on purchase nor on sale , there will be no treatment in GST.
Yes as per Inventory maintenance need to be recorded in stock ledger
Yes as per Inventory maintenance need to be recorded in stock ledger
Since you received sample free of cost and supplying the same free of cost as sample, no gst is required.
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