05-29-2010, 06:50 AM
1. If the discount is in line with industry practice the tax will be payable on discounted price, extra ordnary discounts will be ignored while calculating output tax
2. Free of cost supply will be treated as Free sample & tax will be paid on normal rates i.e 16 in this case
regards,
2. Free of cost supply will be treated as Free sample & tax will be paid on normal rates i.e 16 in this case
regards,