Gst
This query is : Open
06 January 2018
Dear If advance receipt against 18% GST sale is Rs. 100,000/-.
Sir whether advance receipt amount is inclusive of 18% gst. plz advice thnks n advance
Sir whether advance receipt amount is inclusive of 18% gst. plz advice thnks n advance
06 January 2018
Yes... Inclusive of GST...
If you received Rs. 50k and GST rate @ 18% then you ll be pay Tax as
Rs. 42373 * 18% = 7627...(IGST or CGST and SGST)
07 January 2018
Respected Sir
Whether below mentioned journal entry required to do for above answer
Bank a/c Dr 50000/-
to Party cr 42373/-
to IGST cr 7627/-
Whether below mentioned journal entry required to do for above answer
Bank a/c Dr 50000/-
to Party cr 42373/-
to IGST cr 7627/-
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- U/s.234E late fee- balated filing the TDS returns
- Traces Portal
- Rectification of TDS return - Sale of property
- Capital Gain Incidents
- Minor - PPF Rules Doubt
- Cheque bounce intimation letter
- Applicability of corporate governance provisions as per the SEBI LODR
- Form 121 of income tax
- REVERSAL PROPORTIONATE ITC
- ERROR IN GSTR1 NO SUMMARY GENERATED
- Minor Aadhar card cancelled
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
