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+--- Thread: Sales tax input Claim on Give-away items (/thread-sales-tax-input-claim-on-give-away-items)
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