SUMIT BADYAL 14 November 2019
how to calculate and percentage of interest on igst reversal on wrongly taken.
RAJA P M ("Do the Right Thing...!!!") 14 November 2019
Interest rate @ 24%...
for ex : If You avail ITC 10000 in September-19 return then
Calculate Interest as follows :
= 10000 (x) 24% / 365 (x) No.of days (from availed month to paid month)...
SUMIT BADYAL 14 November 2019
Sir we sale exempt goods related to agriculture,we charge shipping charges on it so it's important to charge gst on shipping or not.
RAJA P M ("Do the Right Thing...!!!") 14 November 2019
If Your goods are exempted then Gst not applicable for the freight charged in Invoice***
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