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Vat adjustment

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(Querist)
04 July 2012 Please tell me what will be the vat adjustment entry on sale bill is treated as complimentary.
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Dayal

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Dayal (Expert)
04 July 2012 No vat if there is no consideration when your product is subject to valuation other than MRP. Because under Mrp concept even if goods are given as free vat is still payable on mrp.
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Dayal

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Dayal (Expert)
04 July 2012 No vat if there is no consideration when your product is subject to valuation other than MRP. Because under Mrp concept even if goods are given as free vat is still payable on mrp.
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