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GST Calculation

Dipak (IT) (21 Points)

13 June 2017

if product MRP is 100 and billing prices to distributor is 85.on which amount GST should be calculated and break up of invoice to be given.

earlier it used to be for 100 100/115×15.

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2 Replies

Hasmukh Kothari (36 Points)
Replied 13 June 2017

you can charge GST on 85 rupees by deducting 100 rupees Nd you need to show on invoice

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 13 June 2017

Originally posted by : Dipak
	if product MRP is 100 and billing prices to distributor is 85.on which amount GST should be calculated and break up of invoice to be given.earlier it used to be for 100 100/115×15.

You calculate the same way. But, GST is not allowed for include tax rate. So, you can/get calulculate your goods actual value then after you calculate CGST & SGST...