GST RATE on sale of trophies and medals
This query is : Resolved
28 February 2024
Hi everyone,
I am working with a dealer in trophies and medals. The firm purchases the trophies at GST rate of 18% and 12%, but at the time of sale he advices me to charge only 12% GST even if we have purchased the trophies at 18%. Can anyone tell is it a right practice. And what will be the consequences if the GST department comes to know about it. Are there any penalty or fees imposed for the same.
Thanking you
I am working with a dealer in trophies and medals. The firm purchases the trophies at GST rate of 18% and 12%, but at the time of sale he advices me to charge only 12% GST even if we have purchased the trophies at 18%. Can anyone tell is it a right practice. And what will be the consequences if the GST department comes to know about it. Are there any penalty or fees imposed for the same.
Thanking you
01 March 2024
It's not a right practice.
Yes, penalty will be imposed by GST department
Yes, penalty will be imposed by GST department
01 March 2024
You are welcome...
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