How to save vat
This query is : Resolved
31 May 2018
Hi
If I make a deal with a person whose value is
USD9995 and make a invoice with USD 9995 after deal client send USD9955 in my current account I receive USD 40 less
How I can save the VAT on 40 ?
With regards
If I make a deal with a person whose value is
USD9995 and make a invoice with USD 9995 after deal client send USD9955 in my current account I receive USD 40 less
How I can save the VAT on 40 ?
With regards
01 June 2018
1. VAT is no more applicable!
2. The difference is most probably bank charges. so your revenue remains 9995. The difference is the expense. The bank charges you GST, you can claim input credit of the same.
2. The difference is most probably bank charges. so your revenue remains 9995. The difference is the expense. The bank charges you GST, you can claim input credit of the same.
02 June 2018
Hi Nikhil,
If i want to show this difference as discount because. My Bank did not show this as bank charge .So I can never take input tax credit .
Thanks
If i want to show this difference as discount because. My Bank did not show this as bank charge .So I can never take input tax credit .
Thanks
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Inventory of finished goods
- Tds on building rent monthly
- Sale of property furniture sale
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- GST Regis.
- Disallowance of Section 43B(h) to sez units
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
