TaxTMI 
TaxTMI 
Q1.Kind Gifts(Gold Coins) to Customers attract GST?
Q2- Product samples given to Customers attract GST?
How to show gst on outward of gifts to customers ?
Kind Gifts(Gold Coins) to Customers attract GST?
29 Aug 2017 
2 Replies 
5877 Views Asked by
GST on gifts: gifts of gold or silver coins may constitute taxable supply and attract GST, treatments vary.
Gifts of gold or silver coins to customers are treated as a taxable supply and attract GST at the rate applicable to coins under the notified rate; product samples given to customers are also treated as taxable supplies unless specifically exempted. GST paid on gifts and samples should be accounted for as outward supplies. A contrary practical view notes no GST where no consideration is received, but requires reversal of any input tax credit per published FAQs. (AI Summary)
Gifts of gold or silver coins to customers are treated as a taxable supply and attract GST at the rate applicable to coins under the notified rate; product samples given to customers are also treated as taxable supplies unless specifically exempted. GST paid on gifts and samples should be accounted for as outward supplies. A contrary practical view notes no GST where no consideration is received, but requires reversal of any input tax credit per published FAQs. (AI Summary)