INVOICE FOR ITEMS ON GIVEN ON SCHEME AT RE. 1 OR FOR FREE
This query is : Resolved
06 February 2023
DEAR SIR,
HOW TO INVOICE FREE ITEMS WHEN ONE IS REGISTERED DEALER? DOES IT ATTRACT 194R IF WE MAKE INVOICE?
BEST REGARDS,
HOW TO INVOICE FREE ITEMS WHEN ONE IS REGISTERED DEALER? DOES IT ATTRACT 194R IF WE MAKE INVOICE?
BEST REGARDS,
06 February 2023
Issue bill of materials in case of free supply
Tax invoice required for Re 1 supply
No TDS under section 194R to be deducted if: value does not exceed Rs. 20,000 in a financial year.
Tax invoice required for Re 1 supply
No TDS under section 194R to be deducted if: value does not exceed Rs. 20,000 in a financial year.
06 February 2023
No need to issue Re. 1 invoice for free supplies as supply of free of cost is not supply under GST. Material can be moved on delivery challan.
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