Menu
bonus goods under gst@5%
i deal in hoseiry goods.I got bonus goods on achieving sales target. what will be rate of GST under this. it will be 5% or 18%
Replies (2)
Dear shubham,
purchase cost for the bonus goods is nil...but at the seller and it is also taxable..
if the rate of product per piece is less than 1000 it will be subject to 5% otherwise 12% will attract.
hope your query is cleared
natarajan
purchase cost for the bonus goods is nil...but at the seller and it is also taxable..
if the rate of product per piece is less than 1000 it will be subject to 5% otherwise 12% will attract.
hope your query is cleared
natarajan
thank you Natarajan for your response.
what will be the accounting treatment for the same.
what will be the accounting treatment for the same.
Recent Threads
- Invoice related audit
- Gst input credit related
- Updated ITR as missed the dead line
- Change if place of business l
- Purchase from unregistered dealer garments busines
- TDS DEDUCTED BUT NOT PAID BY EMPLOYER
- GST RCM GTA
- TDS Challan interst amount wrongly paid as surchar
- Query on TDS & Stamp Duty
- Query on form 26QB and TDS deduction
Related Threads
CAclubindia
