https://www.taxtmi.com/article/detailed?id=8419 Free samples and gifts supplied without consideration are not taxable supplies but attract denial of input tax credit for inputs used in such distributions. Buy-one-get-one offers are taxed based on whether they constitute a composite or mixed supply with rate determined by principal-supply or highest-rate rule; input tax credit is available for inputs used. Pre-established discounts meeting the prescribed documentary and ITC reversal conditions are excluded from taxable value and allow seller's ITC, whereas post-supply secondary discounts that lack those conditions are not excluded and may be recorded by credit note without changing supplier ITC availability. en-us Mon, 18 Mar 2019 06:45:10 +0530 Mon, 18 Mar 2019 06:45:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8419 Free samples and gifts supplied without consideration are not taxable supplies but attract denial of input tax credit for inputs used in such distributions. Buy-one-get-one offers are taxed based on whether they constitute a composite or mixed supply with rate determined by principal-supply or highest-rate rule; input tax credit is available for inputs used. Pre-established discounts meeting the prescribed documentary and ITC reversal conditions are excluded from taxable value and allow seller's ITC, whereas post-supply secondary discounts that lack those conditions are not excluded and may be recorded by credit note without changing supplier ITC availability. Articles Goods and Services Tax - GST Mon, 18 Mar 2019 06:45:10 +0530 https://www.taxtmi.com/article/detailed?id=8419