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
Vignesh (Student) (32 Points)
30 August 2018If 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
Sarath Rajendran
(Nil)
(2791 Points)
Replied 30 August 2018
You can charge GST on your billing amount (Your charging amount/ Price)
Vignesh
(Student)
(32 Points)
Replied 30 August 2018
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% )
Vignesh
(Student)
(32 Points)
Replied 30 August 2018
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% )
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