transporter billing problems
vishu (accountant) (224 Points)
05 October 2018vishu (accountant) (224 Points)
05 October 2018
CA Rakesh Joshi
(Chartered Accountant )
(1272 Points)
Replied 05 October 2018
The Inovice under RCM is same as regular Invoice under GST except for difference that under RCM the GST amount will be disclosed with respective rates in the Invoice but should not be included in arriving at the Invoice value i.e Taxable value will be the Invoice value.
Example : If taxable value is Rs 10000 in your case then the Invoice value is also to be shown as Rs 10000.
Also a note should be provided in the Invoice as as foot note saying that the GST is to be paid by the receipient of supply and the liability to pay the GST is on the receipient of supply.
I think I have conveyed my view.
vishu
(accountant)
(224 Points)
Replied 05 October 2018
CA Rakesh Joshi
(Chartered Accountant )
(1272 Points)
Replied 05 October 2018
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 05 October 2018