Perquisites received u/s 194 of income tax act
Krishna (Assistant) (670 Points)
06 October 2023Krishna (Assistant) (670 Points)
06 October 2023
Manish
(CA)
(1176 Points)
Replied 07 October 2023
No. It was received without consideration.
Since the supplier already reverses the GST ITC, there is no need to pay GST on the same item again.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961