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Turnover

sandeep (account) (27 Points)

29 May 2018

we generate tax invoice with freight and charge GST on both value (goods+freight) same rate, and when we prepare Gstr3b-Gstr1 return data our outward supply-taxable value merge both value(goods value +freight charge), i want know about my turnover value, should I add freight value in sales ledger. if no ........why?

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7 Replies

Vinod Babu (24196 Points)
Replied 29 May 2018

Yes you to merge both value and enter the same in gstr1 returns.

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Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 29 May 2018

No it's not mandatory show freight in sale , you can show freight under income head

RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 30 May 2018

Yes... It's not mandatory...

But,
You can enter the Goods Value + Freight Value + any other charges collected by You in the invoices. Bcoz, it's under GST and Taxes collected.
So, You can show the all value except Taxes in Your Turn Over.

Subhkaran Surana (343 Points)
Replied 30 May 2018

Yes , it need to be merged , since transaction value as per section 15 of the CGST act, 2017, include all the ancillary expenses incurred in respect of such supply

sandeep (account) (27 Points)
Replied 30 May 2018

when we prepare tax invoice and show freight charge in invoice, should we apply gst on freight value? tell me according to rule.

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RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 30 May 2018

Yes... You charge GST on Freight If You are add the charge in Your Invoice. It's applicable to any of the Charges like freight, Loading, Forwarding and Etc....