News
Freebies may be freed of GST payment burden
- Date:
- August 23, 2018
- Source:
- Economic Times
Buy one and get one, free samples and additional quantities for the same price — the mainstay of marketing for FMCG , pharmaceutical and textile companies and food and retail chains — may no longer be taxed. Tax authorities had sent notices to companies in these sectors that had offered such freebies, which had become taxable after the goods and services tax was rolled out last year. A panel…