Liability to pay gst on perquisites received us 194 of income tax act
This query is : Resolved
06 October 2023
where dealer received gold as a perquisite for achieving target sales & tds is deducted us 194R. Does dealer is liable to pay gst on this as it is received in the course of business ?
07 October 2023
Target-based incentives to attract 18% GST.
07 October 2023
Actually Tax on Tax will not come, if any delaer received any kindl of gift which value more than Rs.20,000/- per anum TDS as per 194 R will be deducted and no GST implications will not apply.
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