Gst
This query is : Resolved
17 March 2021
Dear Sir,
We are distributor. We had highered third party on our behalf for do sales promotion activities and advertisement . In return third party issue service invoice with18%gst under hsn code 998599. My question is that Can we avail the Input Tax Credit on GST which is paid to party.
And can we add it to our total purchases
We are distributor. We had highered third party on our behalf for do sales promotion activities and advertisement . In return third party issue service invoice with18%gst under hsn code 998599. My question is that Can we avail the Input Tax Credit on GST which is paid to party.
And can we add it to our total purchases
17 March 2021
Yes, ITC can be claimed on such sale promotion expenses.
Don't add it to total purchase. Add it to sale promotion expenses.
Don't add it to total purchase. Add it to sale promotion expenses.
17 March 2021
Sir
We have increased our sales price by 1%
And invoice raised by the third party is. Also equivalent to our 1% of our sales that we increased
If we take it as promotional expense than our GP ratio increase
So please tell if it is possible we take it as purchase of service and show with other purchases in which we r trading
We have increased our sales price by 1%
And invoice raised by the third party is. Also equivalent to our 1% of our sales that we increased
If we take it as promotional expense than our GP ratio increase
So please tell if it is possible we take it as purchase of service and show with other purchases in which we r trading
17 March 2021
If treated as purchase there will not be corresponding sales. So it's only sales promotion expenses.
30 June 2021
Sir please check the link
Read more at: https://www.caclubindia.com/forum/how-to-raise-invoice-576864.asp
Read more at: https://www.caclubindia.com/forum/how-to-raise-invoice-576864.asp
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