Vat on foc
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 February 2012
Dear experts do I have to pay Vat/CST on the goods sold on FOC basis and payment are not to be received and what if a part of payment is received or if in next year payment is received.
Thanks
Thanks
CA. Hari Kishan
(Expert)
09 February 2012
There shall be no VAT on Foc goods,, if you are expecting that there shall be some price payable .. then shall suggest you to raise a invoice for the said amount and discharge the VAT..
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