INVOICE FOR ITEMS ON GIVEN ON SCHEME AT RE. 1 OR FOR FREE
This query is : Resolved
06 February 2023
DEAR SIR,
HOW TO INVOICE FREE ITEMS WHEN ONE IS REGISTERED DEALER? DOES IT ATTRACT 194R IF WE MAKE INVOICE?
BEST REGARDS,
HOW TO INVOICE FREE ITEMS WHEN ONE IS REGISTERED DEALER? DOES IT ATTRACT 194R IF WE MAKE INVOICE?
BEST REGARDS,
06 February 2023
Issue bill of materials in case of free supply
Tax invoice required for Re 1 supply
No TDS under section 194R to be deducted if: value does not exceed Rs. 20,000 in a financial year.
Tax invoice required for Re 1 supply
No TDS under section 194R to be deducted if: value does not exceed Rs. 20,000 in a financial year.
06 February 2023
No need to issue Re. 1 invoice for free supplies as supply of free of cost is not supply under GST. Material can be moved on delivery challan.
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
- Required to submit form 10IEA_fy 24-25
- Money lost in stock market related scam
- Error whilst validation
- Reminder of Dues under the WBGST Act 17
- ERRROR IN ITR2 FILING
- ITR3
- Rebate u/sec. 87A manually
- ITR2 Not Validating Short Term Capital Loss as value less than zero
- GSTR ITC relationship
- Ewaybill Material value reg
- Are paper writing services legal?
- Regarding ITC show in Electronic Credit Reversal and Re-claimed Statement.
- TDS on disallowance and reporting
- Requirement of MGT-14 for resolution passed at EGM for appointment of auditor
- ICWAI-Final
- Gratuity Fund Audit & ITR
- RCM gst liability and return query
- HSN details in Table 12 for gstr1
- Profit transfer entry from one branch to head office branch
- RCM on affiliation fees paid to foreign educational institution
Trending Online Classes
CAclubindia
