GST on Incentive
AMBER (Student) (160 Points)
31 October 2018My Client has received incentive if Rs 40Lac against sale of FMCG Goods.
Wheather Incentive is taxed GST
rajni aggarwal
(student)
(137 Points)
Replied 31 October 2018
Whether Your client is employee or a registered taxable person and what is the nature of service provided by him
AMBER
(Student)
(160 Points)
Replied 31 October 2018
rajni aggarwal
(student)
(137 Points)
Replied 31 October 2018
IN This Case GST is applicable on Incentive received by your client your client liable to pay GST on Incentive becasuse somehow your client acting as an agent of FMCG and on principal and agent transaction GST is liable henceincentive is taxed
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961