Go AD-FREE with CAclubindia Pro and Daily WhatsApp Updates. Subscribe Now!

Value of taxable supply

194 views 1 replies

srinivasan ak

149 Points Joined June 2017

Is the answer right...? I am removing GST on the total of Rs.11,80,000.
Which includes commission and freight. Here already GST would have been paid by recipient ofcommission and again if it is included in the value of taxable supply then will it not result in GST being paid twice to government on the same commission amount?

Attached File : 1889952 20200302121742 screenshot 20200302 121722 adobe acrobat.jpg downloaded: 50 times

Replies (1)

Shivam RC

Student

23688 Points Joined November 2017

FOR INFORMATION PURPOSE ONLY :

As per Notification No. 31/2020 - Central Tax, dated 03.04.2020 read with Notification No. 32/2020 - Central Tax, dated 03.04.2020, Due Date for filing FORM GSTR -3B for the month of February, March and April 2020 for the Taxpayers having Aggregate Turnover more than Rs. 5 crore in the preceding FY have been extended in the following manner :

FEBRUARY : 24.06.2020.
MARCH : 24.06.2020.
APRIL : 24.06.2020.

And as per Notification No. 36/2020 - Central Tax, dated 03.04.2020, due date for filing FORM GSTR -3B for the month of MAY 2020 have been extended to "27th June 2020".

TAXPAYERS HAVING AGGREGATE TURNOVER upto Rs. 1.5 crore in the preceding FY ( Notification No. 31/2020 - CT, Notification No. 32/2020 - CT and Notification No. 36/2020 - CT all dated 03.04.2020 )

FEBRUARY : 30.06.2020
MARCH : 03.07.2020
APRIL : 06.07.2020
MAY : 12.07.2020 & 14.07.2020. ( For specified catagory of States, different due date prescribed ).