Menu
E-invoice applicability on re-imbursment income?
Reimbursement of income is included in turnover in GST act or if it's than e-invoice is applied for reimbursement invoice also?
Replies (3)
Quick Summary
Can explain more with example?
XYZ shipping company having taxable turnover Rs. 45 lakhs and reimbursement income of Rs. 25 lakhs Which they recover from there importers then in that case e-invoice is applied to XYZ shipping company?
reimbursement income e.g. customduty, stamp duty, PPQ charges etc.
firstly XYZ shipping company paid this charges and then recovered this from there importers there is no profit to XYZ Shipping company.
1) know is it included under turnover?
2) e-invoice is applied to the company?
reimbursement income e.g. customduty, stamp duty, PPQ charges etc.
firstly XYZ shipping company paid this charges and then recovered this from there importers there is no profit to XYZ Shipping company.
1) know is it included under turnover?
2) e-invoice is applied to the company?
No..... not required to generate E-invoice on Exempted Income.
In term Rule 33 of CGST Act if it is reimburse in capacity of Pure Agent then it is not be included in aggregate turnover & Not required to generate E-invoice for the same.
In term Rule 33 of CGST Act if it is reimburse in capacity of Pure Agent then it is not be included in aggregate turnover & Not required to generate E-invoice for the same.
Recent Topics :
- Taxable Income or Not
- GST Input Tax Credit (ITC) on Camera Purchase &
- What makes CA Himanshu Singla different from other
- TAX TREATMENT AND ACCOUNTING ENTRIEOF PERQUISITES
- Gifting money to my father-in-law (my husband's da
- GSTR-1 JSON from marketplace exports (Myntra / Ama
- Question on buy back of shares
- Saving corporate tax completely on profit from rea
- Hi experts need some helps
- A query regarding GST and Place of Supply:
Related Topics :
CAclubindia
