Input reversel
SUMIT BADYAL (709 Points)
14 November 2019
how to calculate and percentage of interest on igst reversal on wrongly taken.
4 Replies
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 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)...
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
(709 Points)
Replied 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...!!!")
(128106 Points)
Replied 14 November 2019
If Your goods are exempted then Gst not applicable for the freight charged in Invoice***
SUMIT BADYAL
(709 Points)
Replied 14 November 2019
Thanks allot for reply...sir you have gst notification regarding this
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