VAT on Free products

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..... When our distributor buys 100 pkts of snacks we give 2 packets free. I want to confirm whether there is VAT payable for the 2 pkts sold. Also please tell in which section it applies. John Shanne .....

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..... l - Reply By CA Rachit Agarwal - The Reply = Vat is levied on sale of goods. No doubt that when the goods are sold, valuation rules do apply. However sales price of 100 packets to include the sa .....

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..... les price of 2 packets sold free. Hence in our opinion no vat would be levied on free goods - Reply By R K Rajwanshi - The Reply = In my opinion It's total depend on described the scheme and provi .....

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..... sion of state laws. in proper planed manner extra burden of vat may be avoid. - VAT on Free products - Query Started By: - JOHN SHANNEL Dated:- 1-5-2011 Value Added Tax - VAT-CST - Got 2 Replies .....

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..... - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxT .....

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..... MI - TMITax .....

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