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

01 March 2024 It's not a right practice.
Yes, penalty will be imposed by GST department

01 March 2024 Thank you sir, for your valuable reply.


01 March 2024 You are welcome...
...



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

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries