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Accounting tds gst aspects


CA jignesh daiya (CA )     13 June 2019

CA jignesh daiya
CA  
 3 likes  314 points

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RESPECTED SIR

WHEN ANY CUSTOMER HAVE BALANCE OF 500 POINTS , THEY CAN MAKE PAYMENTS BY 500 POINTS ONLY & NO CASH REQUIRED .

THAT 500 POINTS WILL BE CREDITED TO BUSINESSMAN IN FORM OF FREEDEEM CASH ACCOUNT ALONG WITH 5% EXTRA

FOR EX. IF CUSTOMER REEDEEM 500 POINTS , BUSINESSMAN WILL GET 525 POINTS.

I WANT TO KNOW WHETHER ANY TDS LIABILITY ARISE FOR EXTRA 5% CREDITED TO BUSINESSMAN ACCOUNT?

I ALSO WANT TO KNOW WHETHER ANY GST LIABILITY ARISE FOR THE SAME? 

 

avater

Dhirajlal Rambhia (KVO Merau Kutchh)     14 June 2019

Dhirajlal Rambhia
KVO Merau Kutchh 
 9140 likes  92781 points

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Yes, u/s. 194H of IT act.

under.... GST 18%.

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CA jignesh daiya (CA )     14 June 2019

CA jignesh daiya
CA  
 3 likes  314 points

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Gst 18% ?
why
we are not received any consideration apart from the above

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CA jignesh daiya (CA )     21 June 2019

CA jignesh daiya
CA  
 3 likes  314 points

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PLEASE PROVIDE REFERENCE FOR YOUR ANSWER IF POSSIBLE

 

 


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