GST – Started By: – rai tomar – Dated:- 15-2-2019 Last Replied Date:- 16-2-2019 – Dear Experts, We dispatch sales promotional material like T-Shirt, umbrella, grooming kit, products catalogue, price list, diary , display stand etc. to our dealers and did not discharged GST thereon. we treat this type of supply as NIL Rated supply. 1- Whether Sales promotional material can be send without discharged of GST? 2- When we treated this supply as NIL Rated , whether we should be reported in Table 3.1 (c) of GSTR-3B or not? 3- If should be reported in 3B, whether ITC will have to reversed or not? Thanks in advance – Reply By Ethirajan Parthasarathy – The Reply = Find below answer to FAQ given by Government. Whether advertising and communication ma
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Rated , whether we should be reported in Table 3.1 (c) of GSTR-3B or not? Answer:- It is not NIL rated supply. Refer scenarios given below. Q.3. If should be reported in 3B, whether ITC will have to reversed or not? Answer:- It should be reported in 3B as a taxable supply only if you are following 1st scenario as given below and no need to disclose in 3B if you are not following the same. SCENARIOS:- 1. You have availed the ITC of such promotional goods:- When you provide your promotional items free of cost, you have to pay GST based on entry no. 1 of Schedule I of CGST Act, Permanent transfer or disposal of business assets where input tax credit has been availed on such assets . 2. You have not availed ITC of such promotional goods:- Based
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son) and avail the ITC on the invoice raised by him. – Reply By DR.MARIAPPAN GOVINDARAJAN – The Reply = I endorse the views of Shri Spudarjunan. – Reply By KASTURI SETHI – The Reply = I support the views of both experts. – Reply By KASTURI SETHI – The Reply = Explanation by Sh.Spudarjunan S. is par excellence. His understanding and interpretation is really appreciable. – Reply By KASTURI SETHI – The Reply = De facto, there is no 'Free Lunch' in the business. – Reply By Ganeshan Kalyani – The Reply = 1. Supply of sales promotional material can be send without GST. In that case, the input tax credit , if availed, need to be reversed. Or input tax credit of promotional material should not be taken. – Discussion-Forum – Knowledge Sharin
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