DEAR ALL,
ONE CLARIFICATION REGADING GSTR1 OFFLINE TOOL.
IN B2B COLUMN SHOWING TAXABLE VALUE IS WHAT? TAX AMOUNT FOR THAT INVOICE
OR
EXCLUDING TAX AMOUNT FROM TOTAL INVOICE?
2 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 03 November 2017
Taxable value is excluding tax amount .
For i.e on 100/- rs 5% tax ( cgst 2.5% +sgst 2.5% ) 100+5=105 ,so here 100 is taxable value .
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 03 November 2017
Yes... I agreed to Mr. Prasad Nilgul...
Taxable Value is Before tax Value... As per above example
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