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Stock Transfer price for promotional goods

VAT and Sales Tax - Started By: - Srikanthan S - Dated:- 14-10-2015 Last Replied Date:- 16-7-2016 - What should be the value for stock transfer of promotional goods (unrelated to the Dealer's line of activity) which are procured centrally, stock transferred to Dealer's own premises in various States and to be given away free in those States along with Dealer's manufactured goods. If zero value is put in the stock transfer invoices, many State Checkposts detain the truck/goods; if som .....

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In a few States, ITC is available on such promo goods in excess of 4% for the stock transfers. So, we lose 4% on stock transfer of such promo goods. Can we show the purchase price of such promo goods in our stock transfer invoices? In the receiving States, it would be given free along with our own manufactured goods.Also, we send such promo goods to our Factory to be bundled with our own mfrd goods (to be offered as free consumer scheme), can we show the purchase price of promo goods in stock tr .....

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