What shall be the taxability for soap sold and along with it a free shampoo sachet is provided as a promotional item.... The rate of the soap is same in the market as it was earlier and still remains the same even when free shampoo is given along with.
What shall be the rate appled to soap in this case?
Will it be treated as a mixed supply u/s 2(74) of the CGST Act?
Menu
Taxability of free supply
Replies (2)
1) 18% main product soap
2)yes
But in case of mixed supply ,the highest tax rate of all supplies shall be considered for whole.
In that case rate of shampoo being 28% should apply to whole of this supply?
In that case rate of shampoo being 28% should apply to whole of this supply?
Recent Topics :
- CA Fees deduction for non audit case allowed?
- 5th Letter PAN Mismatch with Surname issues still
- Criteria to hire an article
- Guidence requested for a Finance Professional with
- Expert Opinion Required – Form 140 Gross Amo
- WRONG TAX DEMAND - formal responses , rectificatio
- Foreign remittance
- Affordable Residential Flats in Gurgaon
- Manufacturing
- TAN REGISTRATION ON E-FILLING SITE
Related Topics :
CAclubindia
