Gst on Composite supply

363 views
User Avatar

Deputy Manager
492 Points Posted on 01 September 2020

How does the IGST on Composite supply take place . 

Suppose the Value of goods is Rs 1000

Discount is Rs 100 and Freight is is Rs 50. IGST rate is 18 %  then as per my understanding IGST figure will be as follows: 18% (1000-100+50)= Rs 171.

Now my question is after the introduction of e_invoice will the same formula be applicable ?

 

0 Reply Share Follow
On 01 September 2020 at 21:33 Report
Replies (2)
Quick Summary
This discussion clarifies how IGST is calculated on composite supplies, confirming the formula used even after the introduction of e-invoicing. It also addresses the applicability of e-invoicing, stating it's mandatory for entities with a turnover exceeding 500 crore rupees.

User Avatar

2353 Points Posted on 01 September 2020
If your turnover is more than 500 Crore then I think E Invoicing is applicable . please confirm
Reply
On 01 September 2020 at 21:48
User Avatar

Tax and Business Consultant
5533 Points Posted on 01 September 2020
Your calculation and formula... right
After e- invoice also same formula applicable.
And E invoice is applicable only for entity having turnover more than 500 crores.
1 Reply
On 01 September 2020 at 22:15

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Audit Executive (Remote, India) - Ace Auditing Off
  2. GST Transaction On Used Clothing
  3. ITC availed on 5%-rate passenger transport (AC bus
  4. Extension of Due Date of AY 2026-27
  5. FAST DS 2026
  6. Does AIS GST Purchase aggregate GSTR-2B expenses?
  7. Form 26A - System has encountered some technical p
  8. Tool to convert GST invoice PDFs into Excel &#8212
  9. Revised or rectification or leave it?
  10. Private limited tax audit

More recent discussions | Post

Related Topics :

Loading

Latest Job Openings

View all
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details