GST treatment of sales promotion schemes clarified, addressing taxability, valuation and input tax credit implications for suppliers. The notice clarifies GST taxability, valuation and input tax credit consequences for suppliers in relation to sales promotion schemes, specifically addressing free samples and gifts, buy one get one offers, discounts including 'buy more, save more', and secondary discounts, and directs field formations and trade associations to follow the CBIC circular to ensure uniform implementation.
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GST treatment of sales promotion schemes clarified, addressing taxability, valuation and input tax credit implications for suppliers.
The notice clarifies GST taxability, valuation and input tax credit consequences for suppliers in relation to sales promotion schemes, specifically addressing free samples and gifts, buy one get one offers, discounts including 'buy more, save more', and secondary discounts, and directs field formations and trade associations to follow the CBIC circular to ensure uniform implementation.
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