Dear sir
we are running a mobile shop . along with we sale recharge coupons and easy recharge. as per kerala vat sale of recharge coupon is 0% i.e. exempted item.
whether we have to show sale of recharge coupon in sales tax or service tax. we have sale tax and service tax registration.
in accounts how to show this as sale of service or goods. kindly help me
Menu
Sale of recharge coupons
Replies (1)
As per my understanding the same is not to be shown under service tax, because you are distributors of the recharge coupons and you may get discounts on the same, which would act as trading profit rather than any service.
But if your shop has received any commission on the sale of Coupons then same would be charged under service tax and shown under Business auxilary services. Then same would be shown under service tax.
Hope it helps
Recent Topic
- Inverted tax gst refund
- Mismatch of pincode and district while registering
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
- SALE OF EQUITY ON THE LAST DAY OF THE FY 2024-25 N
- Which ITR form
- Form 103 id delayed for submission for more than 1
- Composition scheme
Related Topics
CAclubindia
