Query:
What will be Gst in Free goods & sample
Response:
GST will be applicable at only on the goods that you are adding amount and at samples, there will no need to charge GST Tax.. You have to pay tax at Taxable value only. You are providing it free and no need to Charge any gst tax on Free Goods in invoice so GST is applicable at amount of goods to be sold only.
Example invoice is like Below.
Below invoice format is for sample purpose and to clarify the facts. Your accountant or CA can guide you better in this regard.
| Sr. No. | HSN Code | Goods Description | Qty | Free | Rate | Amount | ||
| 1 | 00000000 | abcd | 15 | 1 | 100 | 1500 | ||
| Amount | 1500 | |||||||
| Discount | ||||||||
| SGST 6% | 90 | |||||||
| CGST 6% | 90 | |||||||
| IGST 12% | ||||||||
| Total Amount | 1680/- | |||||||
Here invoicing value is 1500/- and gst of 1500/- is 90/- + 90/- but free goods has no value as you are providing here free. That value is not added in invoice value so gst will not be added.
So, gst value will be 90/- + 90/-.
Hope above information is helpful to you…
For any query and suggestion, mail us at pharmafranchiseehelp@gmail.com
Related Article:
- How to apply for GST registration?
- How to File Return under GST reforms?
- GST rates for Ayurvedic Medicines
- State Code for Indian Territory
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