News
Forget about your next free slice of Domino's pizza, companies will now be taxed on freebies
- Date:
- August 1, 2017
- Source:
- Economic Times
There's no such thing as free pizza — or 'free' anything — under GST , it would appear. That staple of promotional schemes among consumer facing packaged products and foods services companies — buy one get one free — is being axed by many of them a month after the goods and services tax was rolled out. The move is necessitated by the GST fine print, according to which companies will have to pay ad…