Distributorship of Sale of recharge vouchers

This query is : Resolved

RAHUL WADHWANI (Querist)
Follow

08 October 2017 Plz tell me how to file GST return of sale of recharge vouchers..

Amol S Joglekar (Expert)
Follow

08 October 2017 does the distributor gets the recharge vouchers against DEPOSIT or FOR payment?

RAHUL WADHWANI (Querist)
Follow

08 October 2017 Sir against deposit

Amol S Joglekar (Expert)
Follow

08 October 2017 so?.....
you are entitled for a commission. Isn't it?
Why do you want to show it as sale and purchase?

RAHUL WADHWANI (Querist)
Follow

08 October 2017 Ok Sir. Plz tell How I will treat in GST ..

Amol S Joglekar (Expert)
Follow

08 October 2017 it is a service. the commission you get by way of credit note is to be shown as sale.

RAHUL WADHWANI (Querist)
Follow

08 October 2017 your means if my client deposit 80 lacs for recharge voucher he get 1% commission ( 80000 Rs). So he will pay tax @18 % on 80000 Rs.

Amol S Joglekar (Expert)
Follow

09 October 2017 yes, that should be the game changing plan......
is it viable?

RAHUL WADHWANI (Querist)
Follow

09 October 2017 Ok plz clear my last doubt. It means he will pay tax on commission ( means 80000 Rs @18% =14400 Rs. )

Amol S Joglekar (Expert)
Follow

09 October 2017 yes, you are right.....

RAHUL WADHWANI (Querist)
Follow

09 October 2017 Thnxx Sir, appreciate the prompt response .

Amol S Joglekar (Expert)
Follow

09 October 2017 you are most welcome....

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now