Vat on gift coupons
This query is : Resolved
27 March 2012
Is Vat charegable for gift coupons sold by landmark, lifestyle Etc...
and also is vat chargeable on the value of free goods supplied along with the main product..
[Example Mazza Free with Lays Chips Family Pack]
please tell how it is done as your state vat act...
and also is vat chargeable on the value of free goods supplied along with the main product..
[Example Mazza Free with Lays Chips Family Pack]
please tell how it is done as your state vat act...
28 March 2012
VAT is payable on the total consideration received.
Consideration is for the goods sold and free goods given as per scheme. Under the circumstances No vat is payable on the goods given as free along with material sold for consideration.
Consideration is for the goods sold and free goods given as per scheme. Under the circumstances No vat is payable on the goods given as free along with material sold for consideration.
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
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Gst registered proprietorship firm
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- TDS on Fixed Assets purchased
- UDIN ISSUE
- TDS on purchase of under construction property from a reseller
- GST Intimation due to Government took possession of Business Premises under PPE Act
- SALARY CAN BE CAPITALIZE
- Non filing of I T Returns
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- 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?
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
