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Tax credit

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5 Points Posted on 01 December 2017
If amount levied on fright which is on the bill and tax has been calculated on the bill i.e. including friegh....shoul crdit availble on freight. ???
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On 01 December 2017 at 22:15 Report
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Student CA Final
11857 Points Posted on 01 December 2017
Yes credit available... If freight included in bill and gst has been charged on it
49 Reply
On 01 December 2017 at 22:37
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5 Points Posted on 01 December 2017
can you tell me an example..??
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On 01 December 2017 at 22:40
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5 Points Posted on 01 December 2017
If bill amount is Rs. 100 and freight amount is Rs. 10 and Gst will be charged on Rs.110 then credit is avilable on Rs. 100 or Rs. 110..????
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On 01 December 2017 at 22:42
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Student CA Final
11857 Points Posted on 01 December 2017
Credit will be available on 110
49 Reply
On 01 December 2017 at 22:43
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Student CA Final
11857 Points Posted on 01 December 2017
If freight is included in bill then gst rate applicable on freight is that item rate... Suppose goods is taxable at 18% and freight is included in that bill.. Then gst on freight is also 18%
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On 01 December 2017 at 22:47
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Student CA Final
11857 Points Posted on 01 December 2017
If freight is directly paid by buyer then GTA provision is applicable
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On 01 December 2017 at 22:48
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Student CA Final
11857 Points Posted on 01 December 2017
Plz refer section 15(1) of cgst act
49 Reply
On 01 December 2017 at 22:50


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