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GST ON CHIT DISCOUNT-REG


MEENA VIVEK   29 November 2019

MEENA VIVEK

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I have bid an auction in Registered chit group RS.25,00,000/ in that Share discount (Formerly Dividend/Kasar) is Rs.300000/ and they said GST to be deducted @ 12% in my Share discount.Kindly Clarify GST is applicable to Chit share discount or not as per GST act.




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