Gssehgal 988 Questions 751 Answers 1 Best Answer 2k Points View Profile0 Gssehgal Asked: May 1, 20202020-05-01T20:36:50+05:30 2020-05-01T20:36:50+05:30In: Business & FinanceWhat is treatment of promotional item given free to end consumers by FMCG companies?0 What is treatment of promotional item given free to end consumers by FMCG companies?gst1 AnswerVotedOldestRecentmanish1008 Bahadurgarh, India 1k Questions 1k Answers 0 Best Answers 4k Points View Profile manish1008 Added an answer on May 3, 2020 at 8:54 am The treatment of promotional item given free to end consumers by FMCG companies will be accounted as items taken out of purchase for promotion of goods. And tax will be charged only on the total consideration charged for such supply.0Reply Share ShareShare on FacebookShare on TwitterShare on LinkedInShare on WhatsAppLeave an answerLeave an answerCancel reply Featured image Select file Browse Save my name, email, and website in this browser for the next time I comment. ShareFacebook
manish1008
The treatment of promotional item given free to end consumers by FMCG companies will be accounted as items taken out of purchase for promotion of goods. And tax will be charged only on the total consideration charged for such supply.