Dear Sir,
What will be the tax treatment for following case
Item A is sold at Rs.100/- @ 12%GST and item B and C is given free worth Rs.25/- as a agreement/contract with buyer.GST %for item B and C is 12%
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Tax Treatment for FOC supplies
Replies (3)
No special treatment. Cost of free items is zero in the accounts.
Manish Sir,Does it mean need not have to pay GST on free items which are given free against purchase of item A?
Yes.
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