If supplier collect loading charges and same as included separately in bill whether same is liable for GST
For eg:
Basic value. 100000
+IGST. 18000
Total 118000
Loading charges. 2000
Total. 200000
Whether above is correct or not
Please collect if any wrong
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Replies (4)
no that is not correct as per sec 15 any amount other than discount charged by supplier shall be treated as taxable value
Yes... I agreed to Mr Pankaj Kumar Mishra.
@ Mr Venkatesh.,
You will prepare Invoice as per Mr Pankaj reply as
Basic value - 100000
Loading - 2000
sub total - 102000
+ IGST - 18360
Total - 120360....
@ Mr Venkatesh.,
You will prepare Invoice as per Mr Pankaj reply as
Basic value - 100000
Loading - 2000
sub total - 102000
+ IGST - 18360
Total - 120360....
Sir if 2000/- is paid to labour in cash is it make any difference
| Originally posted by : kanamarlapudi venkatesh | ||
 |
Sir if 2000/- is paid to labour in cash is it make any difference |  |
No...
If You are add the Charges like "Loading, Unloading, Freight, Transpoting, Cutting & etc.," in Invoice then GST is applicable as per the Principal Goods/Services Rate...
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