Shivam
in Tax and Accounting Law Corporate Law Contracts Law
Asked March 18, 2014

Sale of Tailored products in a store dealing exclusively with Handloom Products

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I deal in handloom products where i don't sell any tailored merchandise. My friend however has requested me to keep some of her start-up's promotional t-shirts in my store. though they are meant for promotional purpose she intends to sell it below the Cost price at a token sum. I presently don't have to pay any sales tax on handloom products, but I'm worried that if I keep such promotional t-shirts which are being "sold" at "token price" , it might get me under the sales tax department radar. Can you please clarify this?

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