22 June 2017
I am a trader in Bihar, I purchased a material from West Bengal for ₹ 1,00,000/- + paid IGST @ 18%=18,000/-,+ I paid freight for transporting 5000/- . No Now the total cost of this material is ₹ 1,23,000/- . Now I am resaling this material in Bihar for ₹ 1,30,000/- .
Now I want to know that how much rupee I will charge as Taxes in my Tax Invoice?
23 June 2017
That means I will charges ₹ 23400/- as GST to my customer. In this way I will got the input tax credit of ₹ 18000/-when I will finalize the GSTR 3. finally I have to pay ₹ 10400/- as Tax on 20th of next month. Am I right?
23 June 2017
understanding is right. just want to clarify that in u r first draft u mentioned u r cost as 123000, but actually u r cost is 1,05,000 only since u will get it of 23000.
CAclubindia
