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Taxability of new year Free gifts

2409 views 5 replies

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

Replies (5)
Tax Invoice

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.
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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