Trolley Tokens
Just a thought about VAT on trolley tokens. Sometimes we have to pay a small deposit or insert coin to get trolleys in retail stores. Most of the time, customers return the trolley and get refund or coin back. So no VAT implications in such cases. My question is what about the trolleys and associated money that is not returned. What will be the VAT analysis in this case.
16/11/2019 10:33:09
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Gaurav Jhunjhunwala18/11/2019 17:51:16
The money received in this case is not falling under exemption or list of supplies specifically included under zero rated. In ab sense of any specific exclusion, such receipt of money shall be chargeable to VAT at standard rate.
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