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billing

vishu (accountant) (224 Points)

07 October 2018

Gta kis tarah se billing kre. If the service of gta is covered in reverse charge. Suppose freight amount is 1000.to taxable value me kya ayega. Aur gst me kya ayega aur invoice value kya hogi

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4 Replies

PRATEEK GROVER (4 Points)
Replied 07 October 2018

It depends on the mutual agreetment between the parties.
If its agreed that 1000 includes reverse charge then taxable value shall be 9524.00 and invoice shall be of rs.1000
Otherwise if as per agreement reverse charge is payable seperately then Taxable value shall be Rs. 1000 and bill shall be of Rs. 1050.

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vishu (accountant) (224 Points)
Replied 07 October 2018

Mtlab gst ka column khali chor skte h. Ye mankar ki gta ko tax nhi lena to wo gst ka column khali chor skti h. Ya gst amount show krna padega

PRATEEK GROVER (4 Points)
Replied 07 October 2018

As I said that invoice in both cases shall be 1000/1050, so it's implied that tax has to be shown on the invoice and it is required to be mentioned on the invoice that tax is payable on reverse charge basis.