Impact Of Gst On Free Supplies Free Samples An Analysis
Impact of GST on free Supplies & free Samples While the term ‘free supply’ is not defined under GST law, a ‘free supply’ in general sense, means a supply of goods or services without consideration. Under GST law, the incidence of tax is ‘supply’. The term ‘supply’ has been defined in an inclusive manner under Section 7 of the CGST Act. The term ‘supply’ as defined under Section 7 of CGST Act, 2017, includes all forms of supply such as sale, transfer, exchange, barter etc....