Vat if final product is given as sales promotion
This query is : Resolved
Gourav Choudhary
(Querist)
12 August 2011
Please help me out on the following matter :
This question relates to cement industry for assam/meghalay VAt
Whether VAT is payable if cement bags are given to the party on sample basis & recognise as sales promotion expenses @Re1/- bag in the books of accounts.
This question relates to cement industry for assam/meghalay VAt
Whether VAT is payable if cement bags are given to the party on sample basis & recognise as sales promotion expenses @Re1/- bag in the books of accounts.
CMA Nishad Patkar
(Expert)
13 August 2011
Dear Gourav,
Yes, Sample is attracts to Vat provided it should be for consideration. Some times sales takes place by way of free gift without consideration, buy one and get one free etc. and these transactions never come under the ambit of vat.
In your case ,I seem it is free and can be removed against retail invoice without any vat.
Regards,
Nishad
Dear Gourav,
Yes, Sample is attracts to Vat provided it should be for consideration. Some times sales takes place by way of free gift without consideration, buy one and get one free etc. and these transactions never come under the ambit of vat.
In your case ,I seem it is free and can be removed against retail invoice without any vat.
Regards,
Nishad
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- TDS on Dashcam rent and allied services
- Royalty payments to the Mining Department for procurement of murum - GST input
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
