I RUN A TEXTILE BUSINESS IN TAMILNADU REGISTERED UNDER GST. I HAVE DONATED SOME FABRICS TO NGO'S IN ANDHRA PRADESH. IS GST APPLICABLE ? THERE WILL NOT BE ANY BILL FOR CHARITY .
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Donation in gst
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If u have taken itc for that fabric then u hv to reversal of itc of that fabric... As u donated
If u have taken itc for that fabric then u hv to reversal of itc of that fabric... As u donated
If u have taken itc for that fabric then u hv to reversal of itc of that fabric... As u donated
NO GST, SINCE THERE IS NO CONSIDERATION FOR SUPPLY OF FABRICS.
Yes... I agreed to Mr. Divakar..
If you are give your fabrics to Gift / Free / Donate then You can't avail the Purchase Tax then You must reverse the ITC.
as per my knowledge permanent transfer of business asset liable to gst even if without consideration as per schedule 1 if ITC claimed at the time of purchase. is it correct?
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