Tcs /gst on advance received from customer
Dip Narayan (Deputy Manager) (767 Points)
29 October 2017Dip Narayan (Deputy Manager) (767 Points)
29 October 2017
Mahesh Shaha
(303 Points)
Replied 29 October 2017
Total value recd is 10 Lakh gst is 5% 10 Lac divide by 1.05 =952380.95 and TCS on total amt received 10 lac * 1% is Rs 10000
vikysheoran
(abc)
(3 Points)
Replied 25 July 2018
10L = 1.01
So 10,00,000/1.01, = 990099
990099/1.05= 942951.44
Sale = 942951.44
I/S/C GST 47147.56
TCS 9901.00
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"