In case a invoice contain
taxable goods 1000 @ 28%igst
excemted goods Rs500
Then what should be the invoice value
Whether 1280or1780
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Replies (12)
You can't show the exempted supply in the tax invoice. You have to raise bill of supply for exempted supply.
1780 will be invoice value
Sorry Vinod is right. exempted goods are part of bill of supply. you have to issue different invoices in this case. Tax invoice for taxable and bill of supply for exempted
Yes...
I agreed with Mr Vinod Araveti...
If you give invoice above said way then you calculate tax on whole supply...
So, Give separate invoice...
Also the answer is Rs. 1780....
I agreed with Mr Vinod Araveti...
If you give invoice above said way then you calculate tax on whole supply...
So, Give separate invoice...
Also the answer is Rs. 1780....
but in grocery bill both shown
Govt has told in the twitter that shop sellers can issue a tax invoice for both taxable and exempted supply ( but this option is given only incase of B2C sales ). refer Q.No.45 in the attached regarding the same
Thank you for valuable suggestions
Also is it necessary to show excemted supplies in HSN summary
yes it is necessary
In HSN summary it asked for taxable value..
But excempted supplies are not taxable at all...
So, I think only quantity is to be taken and the rest remained nil
But excempted supplies are not taxable at all...
So, I think only quantity is to be taken and the rest remained nil
You enter the qty detais, total values and put the taxable value as nil
Thank you
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