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Billing in gst
Sir if we are billing in GST for rs 1000 Freight rs 200 & insurance rs 50 the wht will be amt on which GST will be applicable and what will be accounting entry if GST rate 18% ( SGST+CGST)
Please suggest
Replies (3)
gst will be on rs 1000 not on freight & insurance
Checkout Section 10 in GST Act
https://play.google.com/store/apps/details?id=com.offlineappsindia.gst&referrer=utm_source%3Dsection%26utm_campaign%3Dvia_app
https://play.google.com/store/apps/details?id=com.offlineappsindia.gst&referrer=utm_source%3Dsection%26utm_campaign%3Dvia_app
Pl refer brochure on valuation for GST:
https://www.cbec.gov.in/resources//htdocs-cbec/gst/eflier-valuation-gst27062017.pdf
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