GST for Donation

This query is : Resolved 
Quick Summary
A GST-registered wallpaper dealer is donating goods to a temple and expects an 80G tax deduction. The core question is whether this donation is subject to GST, as it's not a regular sale. While donations typically don't incur GST, issuing a bill for the donation is recommended for accounting purposes and to potentially claim Input Tax Credit (ITC) on the original purchase of the goods.

Profile Image

Profile Image

(Querist)
20 January 2022 My client is registered dealer in GST sells wallpapers. He wants to donate Wallpapers to a Temple and will get benefit of 80G Deduction. As this is Donation and not regular Sales therefore there wont be any GST charged on such Donations.
Will the Donation attract GST ? Should my client issue bill for d same?
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
20 January 2022 It can be accounted either way, but better would be to raise bill, & adjust the amount with donation.
Profile Image

Siddharth Kishan Mane

Profile Image

Siddharth Kishan Mane (Querist)
21 January 2022 Dear Rammhiaji i didnt get ur point? Can i take ITC on this purchase of this goods
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
21 January 2022 Yes. If you have raised bill with GST, you can take ITC over it.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries


Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member saurabh sawlanisaurabh sawlaniPro Member Sunaram MarndiSunaram MarndiPro Member RajeshRajeshPro Member rameshwarrameshwarPro Member prashantprashant
Subscribe to Pro
Join an elite circle of professionals



Answer Query



Quick Links



Browse by Category