https://www.taxtmi.com/forum/issue?id=113727 Free of cost supplies carry no taxable value and therefore are not reported as taxable outward supplies in returns. However, the supplier must proportionately reverse input tax credit attributable to inputs used for free supplies, and that reversal must be disclosed in the periodic summary return (GSTR-3B). en-us Thu, 10 May 2018 17:04:50 +0530 Thu, 23 Jan 2025 15:55:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113727 Free of cost supplies carry no taxable value and therefore are not reported as taxable outward supplies in returns. However, the supplier must proportionately reverse input tax credit attributable to inputs used for free supplies, and that reversal must be disclosed in the periodic summary return (GSTR-3B). Discussion-Forum GST Thu, 10 May 2018 17:04:50 +0530 https://www.taxtmi.com/forum/issue?id=113727