02 July 2017
why raising a invoice under GST for services , GST will be charged in single Rate @ 18% or charged CGST @ 9% SGst @ 9% which method ashould be followed.
02 July 2017
Dear Sir/Madam., If you understand GST. GST tax rates are common to A good/service that tax is to the good/service. Then it ll be split two/three categories like IGST-CGST-SGST. The Inter state supplies can get IGST. Intra state suplies can get CGST & SGSTyou know.. Then come to the point (In my View)....
The Invoice under previous tax regime by Mfg : Bill - Within State: Ass. Value = XXXXX BED = XXXX (Central Tax) VAT = XXXX (State Tax)
Bill - Inter State : Ass.Value = XXXXX BED = XXXX (Central Tax) CST = XXXX (Central Tax)
BED & CST is central tax. It's converted to IGST BED & VAT is central Tax & State tax. It's converted to CGST & SGST.... Can you understand... You can follow, If you raise invoices to Inter State supply you follow IGST. If you raise invoices to Intra State supply you follow CGST & SGST. So, simple........
CAclubindia
