Whether GST is levied on free samples? (Please give the answer with reference to section/rules and notification/circulars if any) QUES 1: Lets Say, I sell 100 Qty of Biscuits for Rs 30 each and also give 5 Packets(Qty) free when someone purchases 100 Qty. Whether GST is levied on the free samples given or not? QUES 2: New Product came in market and I give free samples of that product to customers. Whether GST is charged or not?
I was not filing ITR since 2004 due to income lower than the limits.
I was doing on line trading in shares and commodities during 2009-10
I got notice u/s 142(1) asking to verify trading of Rs. 88,35,177 shares.
I must have done this trading but not having any records.
Am i a defaulter of not getting the accounts audited, while I was not filing ITR and i suffered a loss in this trading ?
Please advise me what to do ?
What could be the demand from ITO if I do not reply thgis notice ?
Thanks
whether Income from redemption of MIP before 36 months of holding is taxable
under Short term Capital Gain and taxed @ 15%
or
Is it to be shown under Income from Other Sources and taxed according to the tax slab applicable. ?
The name of MIP is ICICI Prudential Regular Income Fund - Growth (MIP)
And on the Redemption Statement it is written as Short term Capital Gain.
It was Purchased on 3.1.16 and redemption on 7.3.17.
Thanks in Advance.
On 30.06.2017, I had a closing stock valued at Rs. 40.00 lac. On the said stock, I had already availed Input Credit when I purchased the stock during various earlier months. I am being registered under VAT having TIN. I do not have any Input Tax Credit balance to be carried forward. All the stock consists of intra state purchases. Now, I want to know how this closing stock will be treated in GST ? As far as I understand, I will have to collect output from my customers at the GST rate when I sell the stockand deposit the same to the Govt. Please guide me .
Dear Sir,
I have one business vertical in Uttar Pradesh and another one in Gujrat. Earlier my Gujrat unit dispatched goods to U.P. unit against form F on stock transfer. Now what would be the procedure after implementation of GST, to dispatch goods from Gujrat to U.P. ?
Please clarify.
Sir. How to intimate to remove goods for job work without payment of tax under gst?
1.A person who who run a restaurant as well he has also hotel rooms can he avail the benifit of composition scheme in both business?
2. A Trader who obtain the composition scheme under GST Provision but he have lying the huge closing stocks as on 30.06.2017 then what rate will be applicable on the closing stocks is it will @ 1%?
Hi ,i want to know our turnover is 1 crore rupees . should i audit my account ?
GST ON FREE SAMPLES