S/off on gift articles
This query is : Resolved
28 November 2010
We are running a manufacturing unit & for increasing of sales of our finished goods we have decided to gift bags to our customers.
For this we have purchased Bags from a Registered Dealer & paid vat-12.50% on said gift materials.
Weather S/off on purchase of above gift item is allowable?
For this we have purchased Bags from a Registered Dealer & paid vat-12.50% on said gift materials.
Weather S/off on purchase of above gift item is allowable?
28 November 2010
No because it is not a raw meterial / packing material / capital goods.
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