we get Goa trip by company as a target discount. company deposit tds u/s 194R. now in cgst audit officer want gst on deductible vallue.
is that applicable
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Gst on 194R prequsit
Replies (1)
Taxable value includes any discount or incentive allowed before or at the time of supply. However, in your case, the trip was provided as a target discount, which might be considered as a non-monetary benefit.
CGST audit officer might be seeking GST on the deductible value under Section 9(1) of the CGST Act, which states that GST is applicable on the value of supply, including subsidies, discounts, or incentives.
To determine the applicability of GST, consider the following:
1. Check if the trip was provided as a benefit linked to employment (e.g., employee incentive).
2. Verify if the company accounted for GST on the trip's value when depositing TDS under Section 194R.
3. Review the contract or agreement related to the target discount to understand the nature of the benefit.
CGST audit officer might be seeking GST on the deductible value under Section 9(1) of the CGST Act, which states that GST is applicable on the value of supply, including subsidies, discounts, or incentives.
To determine the applicability of GST, consider the following:
1. Check if the trip was provided as a benefit linked to employment (e.g., employee incentive).
2. Verify if the company accounted for GST on the trip's value when depositing TDS under Section 194R.
3. Review the contract or agreement related to the target discount to understand the nature of the benefit.
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