If i were to charge 60% less than my normal pricing to select recipients (NOT RELATED in any manner) considering their financial difficuilties, do i have to pay GST on normal price or reduced price? Please clarify.
Thanks in advance
If i were to charge 60% less than my normal pricing to select recipients (NOT RELATED in any manner) considering their financial difficuilties, do i have to pay GST on normal price or reduced price? Please clarify.
Thanks in advance
You can charge GST on your billing amount (Your charging amount/ Price)
Thank you Sarath, just wanted to know whether the GST department might question the transaction considering the huge discount involved ( as acceptable discounts are around 20% )
Thank you Sarath, just wanted to know whether the GST department might question the transaction considering the huge discount involved ( as acceptable discounts are around 20% )
CAclubindia
