A private limited co (software) has got the prize money from the government in a competition organized by government...it has given the prize money in the form of grant...
the organization has
deducted the TDS under 194c
can u pls guide for the received amt gst is applicable???
if yes pls guide on this...
Goods and Services Tax (GST) is an indirect tax (or consumption tax) used in India on the supply of goods and services. But not on prize money.
CAclubindia
