We are sending some new year diaries as free gifts to our customer. which document will be raised, i.e. TAX INVOICE or DELIVERY CHALLAN
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Taxability of new year Free gifts
Replies (5)
Tax Invoice
but value is zero,
but value is zero,
also refer ITC rules on " Supplies as free samples"
You can deliver the diaries through Delivery Challan...
ITC not available for the purchase of diaries for giving gift. ITC will be reversible.
ITC not available for the purchase of diaries for giving gift. ITC will be reversible.
I aggre with Raja Sir. Deliver the New Year Diaries by issuing a DELIVERY CHALLAN.
Delivery challan U/R 55 otherthan way of supply and reversed the ITC .
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