According to sources, pharma companies feel that the free samples and gifts provided by them are to promote sales, part of marketing activities and thus are genuine business expense, for which they should be entitled for input tax credit refund when they file their GST returns.
Source: a2ztaxcorp.com
Latest Posts in "India"
- Supreme Court: GST Exemption Applies to Hostels Rented as Residential Dwellings for Students
- How to Instantly Verify GST Numbers and Avoid Fraudulent Payments in India
- Delhi HC Seeks Customs’ Reply on IndiGo’s ₹900 Crore Duty Refund Plea for Re-imported Parts
- Refund cannot be rejected basis previous years ineligible ITC without any outstanding demand
- Government Boosts GST Compliance Using Technology, Data Analytics, and AI to Curb Tax Evasion













