REGARDING RAISING OF SERVICE BILL

WE ARE HAVING BUSINESS OF BEVEREGES OF GST % 12 , 28+12, AND 18

 

WE PURCHASE THE GOODS DIRECT FROM THE COM PANY    AND SALE ON THE SAME RATE AS WE RECIEVED 

 

AFTER THE MONTH WE RAISE THE INVOICE OF INCENTIVE TO THE COMPNAY WITH THE TAX OF 18% THAT IS TO BE CHARGED TO THE CO M PNAY

 

 

THE QUESTION IS THAT WE ARE SELLING THE GOODS ON THE SAME RATE AND RIASING THE INVOICE OF SELLING THE GOODS 

 

PLEASE PROVIDE THE SOLUTION.

 

 

THANKS

 

Replies (5)
Quick Summary
This discussion concerns a business selling beverages at the same rate they purchase them, aiming to meet sales targets. After month-end, they raise an invoice for incentives received from the company, charging 18% GST on this incentive amount. The core question is whether this practice, where purchase and sale taxable values are identical, will cause issues during a GST audit, especially since the incentive invoice is raised separately.

what is your problem, query, question,

pl elaborate

I JUST WANT TO KNOW THAT IS IT OK THAT I AM RAISING THE OUTPUT BILLS ON SAME PRICE OF PURCHASE FOR ACHIEVING TARGET ND AFTER MONTH WE RAISE THE INVOICE OF INCENTIVES WHICH IS AROUND 3PERCENT IF THE PURCHSE PLUS 18 PERCENT GST 

Yes. this is ok. you can continue doing that.

per my opinion, it is ok as you raise separate bill for your mark up.

BUT THE MAIN QUESTION IS WHETHER GST AUDITORS HAVE PROBLEM THAT THE PURCHASE AND SALE BOTH TAXABLE VALUE IS SAME SINCE FOR ACHIEVING THE TARGEST WE HAVE TO SALE IN SAME RATE AS WE PURCHASED    

 

 

 

BUT ON ACHIEVING TARGETS WE GOT INCENTIVES THAT WE RAISE THE BILL AGAINST THE COMPANY WITH 18% GST.

 

 

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