https://www.taxtmi.com/circulars?id=60918 Clarifies taxability, valuation and Input Tax Credit treatment for promotional schemes: free samples and gifts without consideration are not supplies except where Schedule I applies and ITC is disallowed; bundled offers like buy-one-get-one are assessed as composite or mixed supplies with ITC available for related inputs; known pre-supply or invoice discounts can be excluded from value if section 15(3) conditions are met while secondary post-supply discounts do not qualify for exclusion though commercial credit notes may be issued. en-us Tue, 12 Mar 2019 00:00:00 +0530 Mon, 13 May 2019 12:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=60918 Clarifies taxability, valuation and Input Tax Credit treatment for promotional schemes: free samples and gifts without consideration are not supplies except where Schedule I applies and ITC is disallowed; bundled offers like buy-one-get-one are assessed as composite or mixed supplies with ITC available for related inputs; known pre-supply or invoice discounts can be excluded from value if section 15(3) conditions are met while secondary post-supply discounts do not qualify for exclusion though commercial credit notes may be issued. Circulars GST - States Tue, 12 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=60918