clarification
I would like clarification, whether a fund collected annually ,and spent on the benificiaries;which amount to roughly Rs 50 to 60 lakhs for our regular get-togethers be subjected to GST authorities for collection of any applicable tax ,if any and the accounting details be made available to every participating members . However I am not aware which government office is entrusted or responsible for such fund audit. more
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I do not know, where you are located. The best source of guidance for you is the GST SEVA KENDRA located at your place. GST consultants or GST practitioners may not be able to give you a correct answer.Further, you have not clearly specified the exact nature of your purpose of collection of such enormous amount. M.Balachandran On Thu, Dec 19, 2019 at 11:04 AM Vadakke Raman wrote: > more
Dec 19
If you are a Registered dealer then you must have to collect GST and pay to the Government. I am unsure about your Registration status under GST Law. more
Dec 19
In continuation my question would be , are companies allowed to take advantage of RCM to employee incentives like dinners ; annual off-sites and such conferences . This an expense done for employee welfare and not business development Right ?? as we have noticed many companies demand for discount on GST raised / mentioned on the invoices . Clarrity on this concern will help more
Dec 19
If the fund is collected from members only and spent for members only.... there is no GST.,becasue of the [princle of Mutuality ...one cannot render service to onesself more
Dec 19
