Calculation of gst payable for e-recharge service provider.
This query is : Resolved
Gst HELP PANEL
(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.
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.
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%
Gst HELP PANEL
(Querist)
23 May 2018
THANK YOU. I THOUGHT SO. but NOW i am confident.
CA Kartik Pandya
(Expert)
23 May 2018
Better to be confident . . .
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