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Isd invoice calculation

229 views 3 replies

Suchita Shivaji More

Accountant

168 Points Joined June 2014

Dear Sir/madam, We have our branch in Cochin and head office in Mumbai. How will input credit transfer from cochin to mumbai? if raise TAX invoice on Mumbai hoe to calculate taxable amount on credit distributed?

Replies (3)

Nilkesh kumar

192 Points Joined May 2014

Refer section 20(2)(e)& (d)

Srinivas Pyata

543 Points Joined February 2018

if it directly attributable to branch transfer total itc to branch
if it is common for other branches and head office transfer on the basis of turnover of each branch

Suchita Shivaji More

Accountant

168 Points Joined June 2014

In cochin branch, no sales invoices are issued so if we transferring inout credit to Mumbai we have file GSTR 1 ..so while filling GSTR 1 how to calculate Taxable value in raising ISD invoice