24 August 2013
Dear sir, I am a wholesaler i bought one item whose cost is Rs. 42 per unit and i bought 300 units and the company gave me 60 units free ( i.e means per 5 units 1 unit is free ) when i divided the cost of 5 units into 6 i got a rate i.e is Rs. 35 and then i added Re. 1 i.e..= 36
Note : When i received the bill there it mentioned the free items
My question is ? Can i sell the goods in the net price i.e Rs. 36 or i have to sell the goods as i bought it. and show the free goods in my retail invoice when selling it
25 August 2013
what will happen if i sell it in the net price its i.e 36 / 35 Rs will sale tax officer will make me put some charges or what will they do
CAclubindia
