In this Article, I have tried to ponder my thoughts on what may be the possible VAT implication on free of cost (‘FOC’) supplies, damaged goods, expired goods, and stock shortages.
Companies often introduce different types of offers such as buy 10 get 1 free or it gives free samples just to lure its customers. Is there any VAT implication on such freebies?
Source: gccfintax.com
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