CBIC clarifies on levy of GST on sales promotion schemes

Promotional schemes such as ‘buy one get one free’ (BOGO) and additional quantity for the same price will be eligible for input tax credit, the government has clarified, bringing huge relief to fast moving consumer goods (FMCG), food, retail and pharmaceutical companies. Companies will not have to pay goods and services tax ( GST ) separately on the additional product unless it is a totally differ…