Is Vat charegable for gift coupons sold by landmark, lifestyle Etc...
and also is vat chargeable on the value of free goods supplied along with the main product..
[Example Mazza Free with Lays Chips Family Pack]
please tell how it is done as your state vat act...
VAT is applicable on sales value. If you sell any free goods as Free of Cost, value is zero and no VAT is applicable.
Shaswat initial support private limited
Ahmedabad
CS
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Karia Overseas
Ahmedabad
CA
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CAclubindia
