In GST gift upto Rs 50,000/- are exempt from GST.
What if it exceded above limit and can we claim ITC on it..
Vijay Sesha Sai Madireddy (52 Points)
11 July 2017In GST gift upto Rs 50,000/- are exempt from GST.
What if it exceded above limit and can we claim ITC on it..
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 11 July 2017
Vijay Sesha Sai Madireddy
(52 Points)
Replied 11 July 2017
Thank you..
What if it exceded Rs50,000. GST should be paid on total or total less 50,000.
For example employers gifts amounts to 75,000. Then GST should be paid on 25,000 or 75,000. and at what rate. and GST paid can be claimed as ITC..
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 11 July 2017
Hemant kothari
(4 Points)
Replied 11 July 2017
Hemant kothari
(4 Points)
Replied 11 July 2017
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