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invoice

kanamarlapudi venkatesh (articles student) (113 Points)

29 November 2018

If supplier collect loading charges and same as included separately in bill whether same is liable for GST
For eg:
Basic value. 100000
+IGST. 18000
Total 118000
Loading charges. 2000
Total. 200000

Whether above is correct or not
Please collect if any wrong

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4 Replies

pankaj kumar mishra (ACCOUNTANT) (167 Points)
Replied 29 November 2018

no that is not correct as per sec 15 any amount other than discount charged by supplier shall be treated as taxable value

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 29 November 2018

Yes... I agreed to Mr Pankaj Kumar Mishra.

@ Mr Venkatesh.,

You will prepare Invoice as per Mr Pankaj reply as

Basic value - 100000
Loading - 2000
sub total - 102000
+ IGST - 18360
Total - 120360....

kanamarlapudi venkatesh (articles student) (113 Points)
Replied 29 November 2018

Sir if 2000/- is paid to labour in cash is it make any difference

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 29 November 2018

Originally posted by : kanamarlapudi venkatesh
	Sir if 2000/- is paid to labour in cash is it make any difference

No...

If You are add the Charges like "Loading, Unloading, Freight, Transpoting, Cutting & etc.," in Invoice then GST is applicable as per the Principal Goods/Services Rate...