Dear sir/Madam,
We have a client which is registered u/s 8 of Co. Act, 2013 & also eligible for exemption u/s 12AA of IT Act.
Main Source of income is Donation & Grant Receipt. However, Company is also having service Income.
Please guide us, whether all the receipt is liable for GST or only service Income.
& also we are paying GST on Input exp.
whether we should book ITC on full exp. or proportionately.
Menu
gst on Donations receipt
Replies (1)
GST only on Service income & ITC will be available in proportionate to outward taxable supply
Recent Topics :
- “Income Tax Implications of Company-Related
- Advice needed: Hypothetical case of non-filing of
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
- Difference between AIS and 26AS data.
- Applicability of FCRA to Article Processing Fees (
- GST Return
- Practical queries on buy back of shares
Related Topics :
CAclubindia
