How to save vat
This query is : Resolved
31 May 2018
Hi
If I make a deal with a person whose value is
USD9995 and make a invoice with USD 9995 after deal client send USD9955 in my current account I receive USD 40 less
How I can save the VAT on 40 ?
With regards
If I make a deal with a person whose value is
USD9995 and make a invoice with USD 9995 after deal client send USD9955 in my current account I receive USD 40 less
How I can save the VAT on 40 ?
With regards
Nikhil Kaushik
(Expert)
01 June 2018
1. VAT is no more applicable!
2. The difference is most probably bank charges. so your revenue remains 9995. The difference is the expense. The bank charges you GST, you can claim input credit of the same.
2. The difference is most probably bank charges. so your revenue remains 9995. The difference is the expense. The bank charges you GST, you can claim input credit of the same.
02 June 2018
Hi Nikhil,
If i want to show this difference as discount because. My Bank did not show this as bank charge .So I can never take input tax credit .
Thanks
If i want to show this difference as discount because. My Bank did not show this as bank charge .So I can never take input tax credit .
Thanks
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