Vat on free gifts and gift coupons

CA Yasaswy Sarma Veluri (Chartered Accountant) (605 Points)

26 March 2012  

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...