TaxTMI 
TaxTMI 
Benefit of Third Proviso to Rule 28 in case of actual consideration
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....enefit of Third Proviso to Rule 28 in case of actual consideration<br> Query (Issue) Started By: - Abhijeet Mane Dated:- 17-10-2024 Last Reply Date:- 25-10-2024 Goods and Services Tax - GST<br>Got 3 R....
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....eplies<br>GST<br>Hi If the Company A has recevied the actual consideration from related party (Let say 1000 Rs) for providing services. Related Party is eligible for Full ITC then also whether the Com....
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....pany A can take benefit of Third Proviso to Rule 28 and pay GST at any value including NIL Value Reply By Mary Bridges: The Reply: When Company A receives actual consideration from a related party (....
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....e.g., Rs 1000) for services and the related party is eligible for full ITC, Company A can indeed benefit from the third proviso to Rule 28. This allows GST to be paid on any value, including NIL, as l....
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....ong as the recipient is eligible for full ITC. Billing Software simplifies the invoicing process and ensures you're compliant with GST rules! Reply By Shilpi Jain: The Reply: If the recipient is....
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.... eligible for full ITC then certainly nil is also a possible value. Circulars have clarified this view. Reply By Tarun Agarwalla: The Reply: I hope we may read 2nd proviso to rule 28(1) in place of ....
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....third proviso. thank you<br> Discussion Forum - Knowledge Sharing ....