Applicability of VAT on Sale of Liquor
This query is : Resolved
01 November 2008
Selling of Liquor on Complementary basis is chargable under MVAT.
E.g My client sale liquor on festival season on complementary basis i.e buy 5 bottles and get one free. Is all the Six Bottles Chargeble to VAT or only 5 are chargeble to VAT
E.g My client sale liquor on festival season on complementary basis i.e buy 5 bottles and get one free. Is all the Six Bottles Chargeble to VAT or only 5 are chargeble to VAT
01 November 2008
Free Issue means sale without Value and VAT will be charged on the price of 5 bottles.
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