Value of service rendered to friend taxable under GST?
Menu
Value of free service
Replies (1)
Dear Ms.Veena,
If you collect any amount from your friend towards the service then it is taxable service.
The above answer were based on the following assumption:
1. You are running a business/ profession/ consultancy etc.
2. Your turnover is > 20 lacs.
with regards
natarajan
Recent Topics :
- Criteria to hire an article
- Guidence requested for a Finance Professional with
- Expert Opinion Required – Form 140 Gross Amo
- WRONG TAX DEMAND - formal responses , rectificatio
- Foreign remittance
- Affordable Residential Flats in Gurgaon
- Manufacturing
- TAN REGISTRATION ON E-FILLING SITE
- Form 10-IEA – Continuing Old Regime
- Income tax act 2026
Related Topics :
CAclubindia
