Gst on Composite supply

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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 ?

 

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On 01 September 2020 at 21:33 Report
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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.

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2353 Points Posted on 01 September 2020
If your turnover is more than 500 Crore then I think E Invoicing is applicable . please confirm
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On 01 September 2020 at 21:48
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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.
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On 01 September 2020 at 22:15

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