Brand Protection

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Artical
20 Points Posted on 17 January 2023
Hello,

we are dealer of ford company and we received Brand protection money of Rs. 11800000+Gst so how I treated in tally? And whether should I pay gst on that?

please help us
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On 17 January 2023 at 10:13 Report
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Quick Summary
A Ford dealership has received significant 'Brand Protection' funds from Ford India following their exit from the market. The dealership is seeking advice on how to correctly account for these funds in Tally and whether Goods and Services Tax (GST) is applicable on this income. They receive these payments every six months until 2026 after raising invoices on Ford's portal.

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20 Points Posted on 17 January 2023
Please elborate your querry.
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On 17 January 2023 at 10:50
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Artical
20 Points Posted on 17 January 2023

We are car dealer of ford company, after ford shutdown in India they give Brand Protection charges every six month after we raised invoice from their portal, this money we receive till 2026 

So how can i treat this money

One of bill i attached here please go through it

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On 17 January 2023 at 11:04

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