News
How are free samples treated under GST?
- Date:
- June 12, 2017
- Source:
- Business Standard
How are free samples treated under GST? According to credit provisions in the GST Act, input tax credit shall not be allowed for goods lost, stolen, destroyed, written off or disposed of by way of gift or free samples. Accordingly, input tax credit is required to be reversed pertaining to goods which have been disposed of by way of free samples.