Taxable amount / gst liability on which amount
This query is : Resolved
17 April 2018
Basic 11000
Discount 1000
taxable 10000
GST Tax @ 5% 500
round off 200
total bill invoice 10700
is this correct..
round off is basically transportation charges received from debtor.my premises to debtor location
GST Liability on 200 arises on what head
Discount 1000
taxable 10000
GST Tax @ 5% 500
round off 200
total bill invoice 10700
is this correct..
round off is basically transportation charges received from debtor.my premises to debtor location
GST Liability on 200 arises on what head
17 April 2018
you are rounding off 200??
18 April 2018
Take 10700 as total taxable value of your supply and charge GST accordingly. GST liability on 200 would arise under the same head as the value of your supply.
Message likes :
1 times
18 April 2018
The taxable value as per the analogy aforesaid is 10200/- taxable value on which GST needs to be discharged. Please correct the typo error.
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- SFT Cash Deposit in Current Account
- FORM 26A APPLICABILITY
- Value of property in capital gain
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- 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
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
