Is any rule of gst act, that can we calculate output gst on basis of profit percentage? or we can pay gst with forwarding charges basis, create invoice & charges gst on it?
For example:- we have recd. fees 20000/- and 10% is my profit Rs. 2000 now i will be gst on 2000 @18% Rs. 360/- or we have to pay gst on Rs. 20000*100/118 = 16949.15 (taxable) Gst is Rs. 3050.85.
CAclubindia
