Value of service rendered to friend taxable under GST?
Sree Veena (3 Points)
01 August 2017Value of service rendered to friend taxable under GST?
natarajan
(SM - Audit & Taxation)
(156 Points)
Replied 01 August 2017
Dear Ms.Veena,
If you collect any amount from your friend towards the service then it is taxable service.
The above answer were based on the following assumption:
1. You are running a business/ profession/ consultancy etc.
2. Your turnover is > 20 lacs.
with regards
natarajan
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
