I have to calculate prepaid insurance, please may i know whether prepaid insurance will be calculated on basic amount or inclusive of GST amount .
Bhavna Seth (CHARTERED ACCOUNTANT IN PRACTICE) (6 Points)
22 May 2018I have to calculate prepaid insurance, please may i know whether prepaid insurance will be calculated on basic amount or inclusive of GST amount .
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 22 May 2018
| Originally posted by : Bhavna Seth | ||
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I have to calculate prepaid insurance, please may i know whether prepaid insurance will be calculated on basic amount or inclusive of GST amount . |  |
GST Amt exclude at the Time Calculation of Prepaid Insurance
Because GST Input may be Utilized of Insurance
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