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prepaid insurance

Radheshyam (Employee) (27 Points)

26 July 2018

21000+18%=24780
01/11/17-30/10/18
prepaid insurance ki calculation kese or kitni hogi

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2 Replies

prasad Nilugal (3914 Points)
Replied 26 July 2018

After 31st march 2018 all amount from 1/4/2018 to 30/10/2018 will be treated as prepaid .

Prathamesh Pawar (IPCC student) (41 Points)
Replied 19 August 2018

prepaid amount will be 21,000*7/12 ie. Rs 12,250.
GST should not be considered in that since you can avail credit of the same if insurance in for business purpose. Refer ITC criteria in GST act... if you ITC is not available then prepaid amount should be calculated on gross amount including GST...