Whether Lucky draw scheme run by a partnership firm is taxable under GST or Exempt ?.if GST is applicable how it is applicable ?
there are around 1000 members contributing 1000 per month for 12 months monthly prizes are distributed in cash & kind .
expert advise is needed please help .
whether partnership firm is charging any commission?
clearly they are not charging any commission but their motive is profit the difference between collection and prizes distributed in cash & kind and expenses incurred to run this schemes will be there income .
S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
CA Inter
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KK & Company Chartered Accountant
Pune
CA Inter
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CCI
Pro
CAclubindia
