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Calculation of gst payable for e-recharge service provider.

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(Querist)
22 May 2018 Hello team,
i am selling E-recharge coupons & flexi. My profit is only 1.25%. I want to know that How to calculate GST which i have to pay and how can i claim itc on purchase. if i claim itc only 1.25%, in GSTR-2A shows invoices of total amount. whereas i paid gst on purchase 1.25%. please tell me about this.
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CA Kartik Pandya

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CA Kartik Pandya (Expert)
23 May 2018 No need to consider the ITC .. . better to calculate the Output GST liability directly on your margin i.e. 1.25%
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Gst HELP PANEL

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Gst HELP PANEL (Querist)
23 May 2018 THANK YOU. I THOUGHT SO. but NOW i am confident.



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CA Kartik Pandya

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CA Kartik Pandya (Expert)
23 May 2018 Better to be confident . . .

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