Vat on free gifts and gift coupons

675 views 1 replies

Chartered Accountant

608 Points Joined May 2008

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...

Replies (1)

AGM Taxation

373 Points Joined April 2012

VAT is applicable on sales value. If you sell any free goods as Free of Cost, value is zero and no VAT is applicable.

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