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?
MURALIDOSS (INCOME TAX PRACTITIONER) (1314 Points)
03 November 2017DEAR 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?
prasad Nilugal
( GST Practitioner & Accounts )
(14568 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...!!!")
(127977 Points)
Replied 03 November 2017
Yes... I agreed to Mr. Prasad Nilgul...
Taxable Value is Before tax Value... As per above example
CAclubindia
