Vat on Free of cost product
Supplier has given us the product as free of cost without issuing the invoice. Will there be any VAT implications?
05/11/2019 00:35:27
Replies
Naishad soneta05/11/2019 12:18:57
No VAT implications for the recipient of such free of cost products. The supplier would be required to discharge VAT / reverse ITC, subject to the deemed supply provisions.
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