Sale value in gst
This query is : Resolved
Kollipara Sundaraiah
(Querist)
05 August 2020
Dealer gst registered composite scheme trading of jewellery business.dealer sale of jewellery value rs.24,550/- payment received from customer through on debit cards or credit cards mode.but dealer bank current account credit value rs.24,302/-in bank account.
doubt:
Dealer above transaction sales of jewellery value rs.24,550/- or rs.24,302/- and difference amount treated in books under gst act.
doubt:
Dealer above transaction sales of jewellery value rs.24,550/- or rs.24,302/- and difference amount treated in books under gst act.
Lekhraj sood
(Expert)
06 August 2020
The sale amount of the dealer will be as per tax invoice i.e.Rs.24,550/-.
If the amount is so small you can treat it as bank charges,debit to bank charges account and credit customer.
If the amount is so small you can treat it as bank charges,debit to bank charges account and credit customer.
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