service tax on free gifts
This query is : Resolved
30 April 2010
i m offered a free set top box, dvd player and free gift voucher of 3390 from videocon. they r asking me to submit service tax on the above gifts.
whether service tax is payable on free gifts??????
please reply
whether service tax is payable on free gifts??????
please reply
30 April 2010
service tax is payable on the gross billing amount rather then on individual item in the invoice.
so if u have purchased sumthng 4m videocon n getting those free gifts then only if the value of the free gifts is included in the invoice, u wud be liable 2 pay ST.
please confirm wid any circulars in the market.
so if u have purchased sumthng 4m videocon n getting those free gifts then only if the value of the free gifts is included in the invoice, u wud be liable 2 pay ST.
please confirm wid any circulars in the market.
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