Why raising a invoice under gst
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
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.
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........
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........
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