Vat on sample sale

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Sanket

Sanket (Querist)
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22 May 2012 Do i need to charge VAT, if sale some material as a sample for which no payment will receive.

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
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23 May 2012 Mr Sanket,
No, it is not necessary.You may issue a delivery challan recording its issue. If you have purchased it by paying local tax and claimed input credit,in some states, you have to reverse it....MJK

Sanket

Sanket (Querist)
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24 May 2012 Yes, we procure material by paying tax and claim input credit.
Can you please let me know the rule in Maharashtra.

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
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24 May 2012 Mr Sanket,
Please read rule 53 of Maharashtra VAT rules for necessary details.
MJK

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