If i were to charge 60% less than my normal pricing to select recipients (NOT RELATED in any manner) considering their financial difficuilties, do i have to pay GST on normal price or reduced price? Please clarify.
Thanks in advance
Menu
Consideration related
Replies (3)
You can charge GST on your billing amount (Your charging amount/ Price)
Thank you Sarath, just wanted to know whether the GST department might question the transaction considering the huge discount involved ( as acceptable discounts are around 20% )
Thank you Sarath, just wanted to know whether the GST department might question the transaction considering the huge discount involved ( as acceptable discounts are around 20% )
Recent Topic
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
Related Topics
CAclubindia
