We have made Tax invoice by giving below details :-
1) Item (GST Rate is 18%) - Add : Freight - Add : Packing Charges - Add : TCS @1% - Total Value included above Expenses & TCS - Add : GST 18% on above all - Grand Total
28 August 2017
The above calculation is correct, as the product cost will include freight charges,packing charges and tcs to be charged on transaction value, GST to be calculated thereon (inclusive of all the above charges)
I have presumed you are an E commerce player since there is a TCS component and hence section 52 of CGST Act will apply which states net value of taxable supplies to be considered.
CAclubindia
