17 March 2021
Dear Sir, We are distributor. We had highered third party on our behalf for do sales promotion activities and advertisement . In return third party issue service invoice with18%gst under hsn code 998599. My question is that Can we avail the Input Tax Credit on GST which is paid to party. And can we add it to our total purchases
17 March 2021
Sir We have increased our sales price by 1% And invoice raised by the third party is. Also equivalent to our 1% of our sales that we increased If we take it as promotional expense than our GP ratio increase So please tell if it is possible we take it as purchase of service and show with other purchases in which we r trading
CAclubindia
