Our comapy Purchase New Car, Supplier qouted Rs. 931686/-, which Distributed as per Below
(1) Car Price = 661,271.00 + SGST = 92578+CGST = 92578+Cess 6613 = Total 853040/-
(2) Insurance = -------------------------------------------------------------------------------------- 37178/-
(3) RTO = ---------------------------------------------------------------------------------------------29176/-
(4) ACCESSORIES Charges--------------------------------------------------------------------31600/-
(5) Extended Waranty -----------------------------------------------------------------------------7458/-
(6) Road Side Assistance charges ------------------------------------------------ -----4834/-
Total Charges ------------------------------------------------------------------------- ---- 963286/-
Less Discount 24496/-
C GST 14% 3430/-
S GST 14% 3430/-
Cess 1% 244/- total 31600/-
Net Payment =------------------------------------------------------------------------- 931686/-
In above all They raise saperate invoice for car for Rs. 853040/- (Including GST), Issue debit note of Rs 110246/- ( 2 to 6) where there is no GST and Credit Note of 31600/- (Including GST.)
I am confused about (1) why they do not charges GST in Debot Not, (2) How to do accounting in all about transaction
Regards
Bhavin Patel
CAclubindia
