TAX LIABILITY ON PERQUISITES OR BENIFITS RECEIVED FROM SUPPLIER., Goods and Services Tax - GST

[BARUN MUKHERJEE]

Respected Experts,

A taxpayer is a reseller of mobile sets and received benefits from suppliers on which TDS has been deducted u/s 194R of Income Tax Act and reflecting under 26AS and credited the amount in his Profit & Loss Account. This is also to be noted that maximum of that amount was distributed to his debtors and the amount was debited in his Profit & Loss Account. Is there any tax liability under GST on above scenario..???

Posts / Replies

[Sadanand Bulbule]

What is the nature of benefit? and why? Plz elaborate.