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195 Points Posted on 21 August 2019

how to calculate .......gst if my gross is 10000...and gst rate 12% then how to calculate gst.....includingly or excludingly.

.....

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On 21 August 2019 at 20:37 Report
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Tax Consultant
1024 Points Posted on 21 August 2019
You have to calculate Excluding the GST.
10000+12% GST
as if this is an government contract, then you will get 2% TDS cutted at the time of billing of the contract which would you get in your cash ledger after filling TDS TCS return.
1 Reply
On 21 August 2019 at 21:05
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34 Points Posted on 21 August 2019
TDS 2%CUTTED remaing 10% how to calculated
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On 21 August 2019 at 22:04
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Tax Consultant
1024 Points Posted on 21 August 2019
you have to calculate GST 12% at the time of issuing bill and uploading on portal.

Example (Taxable amount+(12% of Taxable amount)) means (10000+(12% of 10000)=11200)

2% GST TDS will auto credited after you will file your GST - TDS TCS return.
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On 21 August 2019 at 22:13
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34 Points Posted on 21 August 2019
thanks sir
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On 21 August 2019 at 22:15
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Tax Consultant
1024 Points Posted on 21 August 2019
Your Welcome
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On 21 August 2019 at 22:17
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34 Points Posted on 21 August 2019
thanks sir
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On 21 August 2019 at 22:19
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195 Points Posted on 21 August 2019
how to get taxable amount .....if gross is 10000
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On 21 August 2019 at 22:25
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Tax Consultant
1024 Points Posted on 21 August 2019
Your gross is your Taxable Amount i.e. 10000
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On 21 August 2019 at 22:30
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GST Practitioner
55067 Points Posted on 21 August 2019
Dear MD Hussain

First of all check your Contract Agreement Letter , whether supplyof good is inclusive of GST or excluding GST.

If inclusive of GST : Then Taxable Amount will be Rs .8929 & GST will be 1071/- & TDS will be deducted on 8929/-

If excluding .of GST : Then Taxable Amount will be Rs.10000/- & GST will be 1200/- & TDS will be deducted on 10000/-
301 Reply
On 21 August 2019 at 23:49
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employee
814 Points Posted on 07 September 2019
agree with Pankaj sir.
3 Reply
On 07 September 2019 at 11:47
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Tax Consultant
1024 Points Posted on 07 September 2019
yes Pankaj sir is too right
1 Reply
On 07 September 2019 at 13:23


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