Pharma firms seek clarity from Bombay HC on free samples to be considered as genuine expense under GST: Sources

Pharma companies have approached the Bombay High Court for clarity on free samples and gifts to be considered as genuine expenses under GST, people in the know of the matter told  CNBC-TV18 . The drugmakers feel free samples and gifts are costs for the business, business promotion and marketing, and wrong treatment under GST is leading to blockage of input tax credit under section 17(50(h), t…