GST QUERY
chandra (accountant) (55 Points)
23 June 2017
what if one invoice include service and material .what is the GST rate applicable.
1 Replies
CA Akhilesh Kumar Kandpal
(Proprietor A K Kandpal & Associates)
(1442 Points)
Replied 24 June 2017
GST rate which is charged for that service and goods shall be shown separately in the invoice if rates are different otherwise you can show in a single entry. for example if you bill rs 10000 services chargeable @ 18% and rs 10000 goods chargeable @ 5% then you must show gst @ 18% on 10000 (i.e.1800) and gst @ 5% on 10000 (i.e. 500) separately in the same invoice. In case both are chargeable at 18%, you can simply show gst @ 18% on 20000 (i.e. 3600) in single entry.
Recent Topics
- Sell my 16 year old private limited company
- Gst penalty u/s 122 (1) XII
- Gst penalty u/s 122 (1) XII
- Address in document as Proof of Communication Addr
- Purchase via Commission agents
- GST Clarification on Popcorn
- SECTION 269SU DETAILS REPORTING
- Tds or tcs on foreign remittance to india as a rei
- What is Current Taxation of 100 % Debt Mutual Fund
- ITC of RCM LIABILITY PAID in GST Annual Return
Related Threads
Trending Online Classes
-
6 days Certification Course on GST Practical Return Filing Process
CA Pratibha Goyal16 December 2024
CAclubindia
