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Input reversel

ITC / Input 206 views 4 replies
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709 Points Posted on 14 November 2019
how to calculate and percentage of interest on igst reversal on wrongly taken.
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On 14 November 2019 at 13:03 Report
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"Do the Right Thing...!!!"
128147 Points Posted on 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)...
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On 14 November 2019 at 14:45
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709 Points Posted on 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.
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On 14 November 2019 at 16:40
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128147 Points Posted on 14 November 2019
If Your goods are exempted then Gst not applicable for the freight charged in Invoice***
463 Reply
On 14 November 2019 at 16:51
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709 Points Posted on 14 November 2019
Thanks allot for reply...sir you have gst notification regarding this
1 Reply
On 14 November 2019 at 16:54


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