9911796707
TMI BlogGST on Compensation ReceivedX X X X Extracts X X X X X X X X Extracts X X X X ..... A supplies Raw material to B . It so happens that ouput of B by using A s supply turns out to bad / nonsaleable. To maintain good relationship and keeping commercial expediency in view, A agr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ees to pay compensation to B calculated at sale value of defective output. It is proven that B output has become non-saleable because of raw material supplied by A . Question :- Whether B is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... liable to pay GST on Compensation amount received from A - Reply By YAGAY andSUN - The Reply = Please refer following article in connection with your query: - https://www.taxmanagementindia.com ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... /visitor/detail_article.asp?ArticleID=9223 - Reply By Ganeshan Kalyani - The Reply = Sir, the compensation amount is taxable in the hand of B . - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... B is liable to pay GST on compensation amount received from A - GST on Compensation Received - Query Started By: - Ethirajan Parthasarathy Dated:- 15-6-2020 Goods and Services Tax - GST - Got 3 Rep ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... x ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
