While filling GSTR 1, will bill wise entry column Total Invoice Value amount be same as Goods basic value or value including GST? Suppose goods value Rs 100 and taxes 18, Total Inv Value will be Rs 118 or 100?
Dev Kumar (Accounts Manager) (102 Points)
13 October 2017While filling GSTR 1, will bill wise entry column Total Invoice Value amount be same as Goods basic value or value including GST? Suppose goods value Rs 100 and taxes 18, Total Inv Value will be Rs 118 or 100?
RAMESH KUMAR SINGLA
(PROFESSIONAL)
(1777 Points)
Replied 13 October 2017
Total invoice value of the goods covered by the invoice is Rs. 118/-AND Rs. 100/- is the taxable value computed in terms of section 15 of the CGST Act.
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 13 October 2017
total invoice value means value including gst tax on basic . . .
RAJA P M
("Do the Right Thing...!!!")
(127911 Points)
Replied 13 October 2017
Total Invoice value is Rs. 118...
Afte you ll be enter details in Tax column it ll splited as basic value and Tax Value....
Sourabh Dubey
(Student & Accountant)
(22 Points)
Replied 16 April 2018
Dear Sir,
GST Invoice issue on FOB Value ya CIF Values
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