Skip to main content

Buy One Get One offers will be available again for new rules of GST

USNMix Report: Changes in rules from 1st April, 
Again return Buy 1 Get 1 Free Offers.

According to the new rules, payment will be made every month but returns will be filed every three months.

After the changes in the rules, there is news of relief for retail, FMCG and pharma companies. After the implementation of GST on July 1, 2017 i.e. most companies had discontinued offers including one by one free and one product and second product free. But now retail and pharma are going to start such offers again. Now after cleaning the government, the companies will start bringing these offers again. 
Buy One Get One offers will be available again for new rules of GST

Companies had closed these offers after the GST was implemented. So far, the input credit on the free item had to be reverse, due to which retail, FMCG, pharma companies had shut down free offers. Meanwhile, the cleaning which the government has issued, will not have to reverse the input. In such a case, the item will not be freely considered to be the full price. Once this happens, the free offers will come back again. Market experts believed that free scheme offers are essential for marketing of products. So this decision has been taken.

The rules for filing GST returns have been changed since 1 April 2019. Now it will work on three return filing schemes, including intuitive, easy access. According to the new rules, payment will be made every month but returns will be filed every three months. This will reduce the cost of filing returns to the traders.

Comments

Popular posts from this blog

Xiaomi Redmi Note 7S Smartphone specification and price

USNMix Report: Redmi Note 7S launches in India

Shahrukh Khan congratulates PM Narendra Modi for huge victory in Lok Sabha Election 2019

USNMix Report: Bollywood's King Khan congratulated PM Modi for winning,

'PM Narendra Modi' Biopic box office collection on first day

USNMix Report: 'PM Narendra Modi' at the box office