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...
VAT is applicable on sales value. If you sell any free goods as Free of Cost, value is zero and no VAT is applicable.
Malhotra Rajesh & Associates
New Delhi
B.Com
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HKC | Chartered Accountants & Business Advisors
Ludhiana
CA
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Abic and Mani Chartered Accountants
Kottayam
B.Com
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Krea University
Chennai
CA
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CCI
Pro
CAclubindia
