Gst to be paid or not
This query is : Resolved
07 June 2019
i'm having a doubt whether we need to pay tax or not in one case.
the following case is as follows.
i have sent some goods to my agent, he lost a part of them, so paid some compensation to me. that part i have shown in my balance sheet under other income. now i should pay GST on that income or not.
under which section.
please help me with this
the following case is as follows.
i have sent some goods to my agent, he lost a part of them, so paid some compensation to me. that part i have shown in my balance sheet under other income. now i should pay GST on that income or not.
under which section.
please help me with this
07 June 2019
No nee to pay GST on this income but you have to reverse ITC on material lost.
Message likes :
1 times
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
- RCM on GTA Services
- Conversion of Proprietorship Firm to Partnership Firm
- Regarding Appointment of auditor in case of casual vacancy
- Audit of F and O T/O
- REVENUE RECOGNITION AS PER IND AS 115
- GST 9- Table 8
- How to update Transaction data in broker samco account holding after transfer shares KARVY
- For sale of shares of a private limited company, what is process cost and time for demat of shares
- Which SAC code should be ed?
- Tds to Pujari payment
- Taxation of Land owner under JDA where consideration received by the Developer and Conforming Party
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- Revision under Section 264 in The Income Tax Act, 1961
- TDS under section 195.
- Filing GST Returns after death of proprietor
Trending Online Classes
CAclubindia
