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Gst return file for medical shop

ABHIJIT MANNA (ACCOUNTANT) (447 Points)

24 August 2018

A retailer got input GST from purchaser but when he sold medicine he did not charged GST from customer because it is the billing system of all medicine dealer that they can not charged seperate GST to customer, he is a regular dealer, not composite , so my query is how he show his output GST or what is the rules for medical shop, plese infome me.

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10 Replies

Ruchika Somani (Coaching and Practice in Tax Audit Law.) (4429 Points)
Replied 24 August 2018

I think taking Bill amount as 105% or whatever rate applicable reverse calcultaion shall be done every month which will show the Taxable value and Tax amount

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 24 August 2018

what is the rules for medical shop...?

- No more specific rules for Medical Shop...

my query is how he show his output ...?

- The most of the Products are MRP based. So, Check Out his purchase bills and It's MRP. Then GST calculated including MRP value...

Note :
You ll see the Purchase details and His billing details (including his softwares). You can get some clarity about the Billing with GST.

Ruchika Somani (Coaching and Practice in Tax Audit Law.) (4429 Points)
Replied 24 August 2018

If MRP is 118 so shopkeeper sells for 118 now this 118 includes 18 rs of GST

He purchased same medicine for 71 hich includes 18% GST i.e 11 rs

So he can claim ITC as 18-11 got me?

1 Like

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 24 August 2018

Originally posted by : Ruchika Somani
	If MRP is 118 so shopkeeper sells for 118 now this 118 includes 18 rs of GST He purchased same medicine for 71 hich includes 18% GST i.e 11 rs So he can claim ITC as 18-11 got me?

Yes Dear...

If He is under Regular Scheme... No more restriction.

Note :

The final product value is sealed/Noted in bill as MRP. But, Transactions between Pharma to Whole seller & to Reatilers is also followed normal business transactions...

Ruchika Somani (Coaching and Practice in Tax Audit Law.) (4429 Points)
Replied 24 August 2018

Originally posted by : RAJA P M
	Originally posted by : Ruchika Somani If MRP is 118 so shopkeeper sells for 118 now this 118 includes 18 rs of GST He purchased same medicine for 71 hich includes 18% GST i.e 11 rs So he can claim ITC as 18-11 got me? Yes Dear... If He is under Regular Scheme... No more restriction. Note : The final product value is sealed/Noted in bill as MRP. But, Transactions between Pharma to Whole seller & to Reatilers is also followed normal business transactions...

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Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 24 August 2018

As per GST invoice Rule , a regular dealer cannot raise a Tax Invoice including tax & billing system of medicine dealer cannot overide the GST Rule.

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 24 August 2018

Originally posted by : Pankaj Rawat
	As per GST invoice Rule , a regular dealer cannot raise a Tax Invoice including tax & billing system of medicine dealer cannot overide the GST Rule.

Yes Dear Mr. Pankaj Rawat Ji...

But.,

Here I'm not refferred to Including Tax Billings. As per query How to show output tax in his billing...

I refererred as per normal Tax Invoice. But, Tax Value and Taxable values both are included in the MRP Values...

Am I Right...?

1 Like

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 25 August 2018

Dear Raja ji

I have just replied that the tax invoice cannot be raised including GST, ... 2ndly he cannot charge GST on MRP.

1 Like

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 25 August 2018

Originally posted by : Pankaj Rawat
	Dear Raja jiI have just replied that the tax invoice cannot be raised including GST, ... 2ndly he cannot charge GST on MRP.

Yes Dear...

The MRP will be split Basic + GST.

If MRP is Rs. 118 then Invoice preparabel as follows

Basic Rs. 100

CGST Rs. 9

SGST Rs. 9..

Am I Right Ji...?

2 Like