vat tax on free of sample material paid to customer
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 February 2016
Sir,
We have paid Free sample of material to customer, We have also shown in sale bill for free sample given. We have not collected any amount from free of sample only quantity of material given is mention in sale bill Whether we have to paid vat tax on free sample also nor not.
please suggest
We have paid Free sample of material to customer, We have also shown in sale bill for free sample given. We have not collected any amount from free of sample only quantity of material given is mention in sale bill Whether we have to paid vat tax on free sample also nor not.
please suggest
02 February 2016
FREE GOODS (SAMPLE) ISSUED WITHOUT CONSIDERATION IS NOT TAXABLE.
In case of samples issued by the assessee as a part of promotion program, first of all there is no buyer and seller, there is no transfer of property in goods and there is no consideration. When none of the conditions are fulfilled, there is no sale as per Sales Tax/ Acts.
In case of samples issued by the assessee as a part of promotion program, first of all there is no buyer and seller, there is no transfer of property in goods and there is no consideration. When none of the conditions are fulfilled, there is no sale as per Sales Tax/ Acts.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- Experts need help
- EPF FULL & FINAL RULES IN 2026
- Management System (IMS)
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Gift Received from nonblood relative
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
