Taxable amount / gst liability on which amount
This query is : Resolved
Gokul Sharma
(Querist)
17 April 2018
Basic 11000
Discount 1000
taxable 10000
GST Tax @ 5% 500
round off 200
total bill invoice 10700
is this correct..
round off is basically transportation charges received from debtor.my premises to debtor location
GST Liability on 200 arises on what head
Discount 1000
taxable 10000
GST Tax @ 5% 500
round off 200
total bill invoice 10700
is this correct..
round off is basically transportation charges received from debtor.my premises to debtor location
GST Liability on 200 arises on what head
Nikhil Kaushik
(Expert)
17 April 2018
you are rounding off 200??
Vishakha Kejriwal.
(Expert)
18 April 2018
Take 10700 as total taxable value of your supply and charge GST accordingly. GST liability on 200 would arise under the same head as the value of your supply.
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Vishakha Kejriwal.
(Expert)
18 April 2018
The taxable value as per the analogy aforesaid is 10200/- taxable value on which GST needs to be discharged. Please correct the typo error.
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