Sir if advance of RS.10000 on service if received
Then calculation of GST in receipt voucher to be made as
10000*18/118
And tax to be paid on balance amount
or tax not to be calculated in earlier stage from customer and tax on RS.10000 to be paid from own pocket
Payable as
8475*18% = 1525 (IGST or CGST and SGST)
If IGST - 1525
If CGST and SGST - 762.50 & 762.50.....
CAclubindia
