Avinash Shriram Bedekar (Deputy Manager Accounts) (105 Points)
05 July 2017How much amount to be charged in the Client Bill by the Contractor instead of 5% VAT amount & how GST will affect the existing line item Rates.
Thanking you.
Mukesh Kumar
(Accounts Manager)
(1466 Points)
Replied 05 July 2017
TWO WAYS : FIRST IF YOU GENERATE DIFFERENCT INVOICE OF SERVICE AND GOODS ,THAN YOU SHOULD CHARGE GST AS GOODS AND SERVCIE
SECOND IF YOU GENERATE COMBINE INVOICE THAT GST @ 18% LIABLE
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
CAclubindia
