Stamp vendor
This query is : Open
02 February 2014
what should be considered as turnover for a stamp vendor, amount realised from stamp sale or the commission received for audit under section 44 AB
02 February 2014
On commission only and not on turnover as the vendor is working on behalf of Govt.
08 March 2016
As per Judgement of Ahmedabad Stamp Vendors ... vs Union Of India on 28 June, 2002 Equivalent citations: (2002) 176 CTR Guj 193 turnover of sale includes full value of sale consideration received and not a discount received. Stamp vendors are not commission agent and they are dealer of stamps. contract of sale is there and contract of agency
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is Aadhar PAN linking required for opening bank account?
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Where to show the RCM on Rent paid to unregistered landlord
- Applicability
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- RCM - commercial rent paid to URP under GST
- TDS NUMBER SURRENDER
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Offsetting interest income against derivative trading losses
- Application of 115BAC
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
