I am having a client who is involved in the foreign exchange. Where he is having bill with the abatement. There is bill with invoice value of Rs.143419 and taxable value comes to Rs.1216 which is taxable at 18%. In such case whether I should take invoice value as Rs.143419 or taxable value + GST in GSTR 1????
please suggest
Dear Ravi
You mean the invoice includes both taxable and exempted goods/services. Right?
In such a case, both the values to be entered in GSTR 1. Taxable value to be given for each tax rate category totaling the invoice value. (i.e. along with gst)
Hope you are clarified.
CAclubindia
