Sales tax input Claim on Give-away items - Printable Version +- Accountancy Forum (https://www.accountancy.com.pk/forum) +-- Forum: The Profession (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=4) +--- Forum: Tax (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=8) +--- Thread: Sales tax input Claim on Give-away items (/showthread.php?tid=8181) |
Sales tax input Claim on Give-away items - Sakhi - 06-18-2010 Dear All, i am interested to Know Are Give-away items (Given to Business partner free for the gesture of goodwill) are claimable" - ikhoso - 06-19-2010 Dear Sakhi Supply means - Sale - Other transfer of the right to dispose ofgoods as a owner including putting to <b>private,</b> business or <b>non business use</b> of goods produced or manufactured in the course of taxable activity for the purposes other than those of making a taxable supply. Therefore a Registered Person is required to pay Output tax on such dispossession and can adjust Input tax accordingly Regards |