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GST Calculation

217 views 2 replies

Dipak

21 Points Joined February 2010

if product MRP is 100 and billing prices to distributor is 85.on which amount GST should be calculated and break up of invoice to be given.

earlier it used to be for 100 100/115×15.

Replies (2)

Hasmukh Kothari

36 Points Joined June 2017

you can charge GST on 85 rupees by deducting 100 rupees Nd you need to show on invoice

RAJA P M

"Do the Right Thing...!!!"

128116 Points Joined January 2015

Originally posted by : Dipak
	if product MRP is 100 and billing prices to distributor is 85.on which amount GST should be calculated and break up of invoice to be given.earlier it used to be for 100 100/115×15.

You calculate the same way. But, GST is not allowed for include tax rate. So, you can/get calulculate your goods actual value then after you calculate CGST & SGST...