Applicable gst rate ??

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DHRITI SUNDAR DUTTA (Querist)

09 March 2018 What is the rate of GST on Penalty charged against low quality material / low GCV coal supplies by suppliers??

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

10 March 2018 5% GST applicable on such penalty i.e.same rate as applicable for material.

DHRITI SUNDAR DUTTA

DHRITI SUNDAR DUTTA (Querist)

10 March 2018 Many thanks Sir. Is there any exception where 18 is applicable??

Ashish Bansal

Ashish Bansal (Expert)

11 March 2018 In case of any subsequent change / adjustment in invoice value, buyer need to issue debit / credit note and same rate as applicable in original invoice shall be applicable.

Message likes : 2 times

DHRITI SUNDAR DUTTA

DHRITI SUNDAR DUTTA (Querist)

11 March 2018 Thanks so much Sir.

DHRITI SUNDAR DUTTA

DHRITI SUNDAR DUTTA (Querist)

12 March 2018 Is there any term called 'Write in' in inventory management and P2P process?

DHRITI SUNDAR DUTTA

DHRITI SUNDAR DUTTA (Querist)

14 March 2018 Is it possible to treat as service rendered by the company for the low GCV Coal and to issue invoice charging 18 to the supplier??

DHRITI SUNDAR DUTTA

DHRITI SUNDAR DUTTA (Querist)

15 March 2018 Is it possible to treat as service rendered by the company for the low GCV Coal and to issue invoice charging 18 to the supplier??

DHRITI SUNDAR DUTTA

DHRITI SUNDAR DUTTA (Querist)

20 March 2018 If we consider these as penalties realised for poor quality . Will this be treated as service rendered by our company ?? And company will charge GST @ 18 by raising GST invoice to the supplier.

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