Poonawalla fincorps
Poonawalla fincorps

Car recived as prize from company

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 February 2014
we win the contest and win the prize as car but company demand the vat and tds from me i agree to pay tds but i think vat liability is not my because here is no sales or sales consideration because sales does not include gift/prize

please tell me should i pay vat to the company together with tds
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Vishnu Saboo

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Vishnu Saboo (Expert)
18 February 2014 no, in my opinion VAT should be paid by co.

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