Tax on gift
NAVEEN (Sr.ACCOUNTANT) (261 Points)
05 November 2020
can we show gift without tax in gst invoice. at purchase cost
1 Replies
JATINDER KUMAR
(Accountant)
(3662 Points)
Replied 05 November 2020
No, you can not make invoice with out GST
You can make invoice with GST after decrease purchase cost
If your purchase cost Rs. 100
Make Invoice - Sale Value 84.75
GST - 15.25 (Assume GST rate 18%)
You can make invoice with GST after decrease purchase cost
If your purchase cost Rs. 100
Make Invoice - Sale Value 84.75
GST - 15.25 (Assume GST rate 18%)
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