if in GST invoice the rate of product is 300 and i have to cost 30 for carriage ch. and i sold on 340.
so here i need to tax on
300- 340= 40*28% or
330-340=10*28%
and how to show that we had a cariage ch.
This is a composite supply- on 340 GST needs tobe charged.
Dear,
You will raise invoice indicating price 340/-, tax will be charged on 340/-.
You have to pay GST on GTA Rs. 30/- under RCM if freight is paid by you to transporter.
Avail ITC on purchase pricse Rs. 300/- and GTA Rs. 10/-.
Now Total GST ouput liability on Rs. 340/- will be adjusted from your total ITC on purachse value and GTA.
Pay the net payable GST amount to GOVT.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
