Gst rate on incentive income received in mobile industry
This query is : Open
20 January 2018
Dear Sir,
What is the GST rate on incentive income received from a mobile wholeseller dealer to mobile retailer in the form of credit note ?
What is the GST rate on incentive income received from a mobile wholeseller dealer to mobile retailer in the form of credit note ?
20 January 2018
As per your Query., The rate of GST as per the Items Rate of Tax...
But.,
Once consider the Credit note if taxable or not...
But.,
Once consider the Credit note if taxable or not...
20 January 2018
Sir,
As per my knowledge, this incentive income is in the nature of commission and GST rate is 18% on commission. Please clarify?
Item GST rate in the above case is 12%.
As per my knowledge, this incentive income is in the nature of commission and GST rate is 18% on commission. Please clarify?
Item GST rate in the above case is 12%.
20 January 2018
Commission and Discount is different nature...
If you will get it as Commission then you can charge GST and Will give Invoice.
If you will get it as Commission then you can charge GST and Will give Invoice.
22 January 2018
Sir,
My client is in a retail mobile business. He is receiving credit note from whole sale dealers of mobiles for the sale of specific mobiles in various period like Diwali season or any festive season. In some of the credit note the supplier is charging GST @12% and some are not charging. How to deal with it in this situation?
Please clarify
My client is in a retail mobile business. He is receiving credit note from whole sale dealers of mobiles for the sale of specific mobiles in various period like Diwali season or any festive season. In some of the credit note the supplier is charging GST @12% and some are not charging. How to deal with it in this situation?
Please clarify
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Eway bill for machinery reparing
- Gift of mutual fund units to daughter
- Under construction property in ITR
- Not able to file ITR
- Upload Level ValidationITR3Category of Defect B/D
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
