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.
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