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Sec 140(3) calculation


03 July 2017 How to calculate the selling price of goods by giving the effect of sec 140(3) i.e. 40/60 % of gst.

04 July 2017 40% or 60% calculated on Purchase Price.

04 July 2017 Please if you can share with example

04 July 2017 Check GST Presentation uploaded by me example is given in it.

04 July 2017 Link is given below GST Presentation https://www.caclubindia.com/share_files/details.asp?mod_id=73459

04 July 2017 Link is given below GST Presentation https://www.caclubindia.com/share_files/details.asp?mod_id=73459

05 July 2017 In sec 140(3) it is written that the said taxable person shall pass on the benefits of such credit by way of reduced prices to the recipient. Whether the supplier has to reduced such credit from the selling price of the product

05 July 2017 Not compulsory.


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