Car recived as prize from company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 February 2014
we win the contest and win the prize as car but company demand the vat and tds from me i agree to pay tds but i think vat liability is not my because here is no sales or sales consideration because sales does not include gift/prize
please tell me should i pay vat to the company together with tds
we win the contest and win the prize as car but company demand the vat and tds from me i agree to pay tds but i think vat liability is not my because here is no sales or sales consideration because sales does not include gift/prize
please tell me should i pay vat to the company together with tds
Vishnu Saboo
(Expert)
18 February 2014
no, in my opinion VAT should be paid by co.
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