banner_ad

Tax liability on goods distributed as gift

591 views 7 replies

if a medicine retailer offers a scheme to the customers that on every purchase of 50 boxes they'll give a water bottle free gift. whether ITC can be claimed on water bottle and whether gst applicable on bottle??

Replies (7)
bottle is not a part of main goods so gst not apply on returnable item...
and what about ITC on bottle??
it will be mixed supply of goods....itc can be claimed on bottles...higher rate of tax on sale i.e bottle or mdicine which ever is higher
sample is free from GST, expect related party, but you have to reverse input credit which goods supply as free
no itc to be claimed on water bottle given as gift to the customer
no itc on bottle bcz bottle is not primary goods

YES , IT IS MIXED SUPPLY AS SUCH WATER BOTTLE NOT UNDER NATURALLY BUNDEL ..... GST RATE IS APPLICABLE RATE OF WATER BOTTLE AND MEDICINES WHICHEVER IS HIGHER ... ITC CAN BE AVAILED 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details