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Free supply under gst
How does supply without consideration be taxable under GST?
Also what will be the taxable value under "Buy one get one offer?"
Replies (5)
sir i am a mobile recharge distributer.. my recharge. my transation per day 2 lak. any gst applicable for me.
If your annual turnover is more than Rs. 20 lakh than you have to register under GST. In your case GST is applicable as your turnover will exceed Rs. 20 lakh.
sir i dont understand what is turn over.... because my business is selling recharge wallet..
turnover means amount of sale OF YOUR PRODUCT/ SERVICES
mobile recharge business is very low commission.. my company provide 3% and i provide my retailer 2.5% .5 is my profet.. kindly telll me any tax are applicable for me
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