CA Jaya pandey (Chartered Accountant) (224 Points)
08 January 2019Hi All,
My query is w.r.t VAT on liquor...does sale of liquor in an event attract VAT? Basically it's a one or max to max 2 times sale in a year when the event takes place....Licence is taken to sell the liquor in the event. Any lead will be highly appreciated.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 09 January 2019
Yes, it is liable to VAT, if the supply is above exemption limit.
CA Jaya pandey
(Chartered Accountant)
(224 Points)
Replied 09 January 2019
So value of supply will be considered only of Liquor or overall value of supply of Service plus Liquor?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 10 January 2019
Here it will be all the taxable supply under VAT would be considered.
CAclubindia
