FOC sale under GST
Query (Issue) Started By: – Swapneswar muduli Dated:- 25-5-2017 Last Reply Date:- 30-5-2017 Goods and Services Tax – GST
Got 4 Replies
GST
Dear Sir,
Under GST if sale our FG and Raw material to any one to any domestic person or any Export person.
1) Under what documents we need to remove this material from factory.
2) Whether charge GST in this Documents or not ?
Regards
Swapnewar
Reply By MUKUND THAKKAR:
The Reply:
Provided for under Section 17(5)(h) – Where goods are lost, stolen, destroyed, written off, or disposed of as gifts or free samples, proportionate input tax credit should be reversed. please generate documents (invoice) and mark FOC on body of invoices for accounting purpose.
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