സാർ, trade discount എന്നാൽ ബില്ലിൽ കുറച്ചു കൊടുക്കുന്നതും qty discount, cash discount (immediate payment നു )എന്നാൽ pre decision ഓട് കൂടി credit note ആയി കൊടുക്കുന്നതുമാണ്,
Thank you Vavachan Anirudhan Sir...ഹൃദയം നിറഞ്ഞ സപ്പോർട്ടിനു നന്ദി ....Every time I am working hard for updation and doing things bettter and better...Thank you brother..thank you very much..Some busy, so sorry for the dely in reply...
നമുക്ക് ഒരു സർവീസ് ഒരു സ്ഥാപനത്തിൽ നിന്ന് ലഭിച്ചു അതിന്റെ ഭാഗമായി അവർ സർക്കാരിലേക്ക് ഒരു തുക ചലാൻ അടച്ചു. GST കാണുമ്പോൾ ചലാൻ അടച്ച തുക കുറച്ചിട്ട് കണ്ടാൽ പോരേ?
Sir, A)One supplier agrees to supply goods in his customer's warehouse for Rs.50,000/- but at the time of delivery of goods in customer's warehouse, customer paid Rs.5,000/- as a freight on behalf of supplier. As per the valuation rule, the supplier should add this Rs.5,000/-along with Rs. 50,000/-, then the total will be Rs.55,000/- and the GST will be applied on Rs.55,000/-, but if this is the case, how can supplier add Rs.5,000/- in his bill of Rs.50,000/-.? because Freight amount is paid by supplier, and when we issue invoice to customer how can again show this amount in bill, . If we do not show this 5,000/- in the bill we can not show the correct GST amount in the bill. B) Also please note that it is said if any interest for delayed payment, that also should be shown while valuation ; but at the time of billing , how can supplier know , when customer is going to pay the bill with interest amount ?, then how can we show this amount in valuation ? . If I am not mistaken we should show the correct GST amount in the bill, so if we want to show correct GST amount in the BILL, we will have to show (i.e if there is any interest ) interest amount also in the bill., please guide me sir .
Thankachan Sir...asked 2 brilliant questions..ok A)Normally, as per GST Rule any expense incurred by supplier which related to Outward supply should be added with GST supply (sales). If any thing missed , that leads to a shortage in Supply amount, Supplier needs to issue Debit Note to increase supply value. Here normally supplier need to include Freight/transportation charges to outward supply.But mostly not doing this.Receiver paying freight charges and later supplier reimbursing these freight charges. SUPPLIER :CAN issue DEBIT NOTE for this and correct their supply value. RECEIVER: can account this debit note issued by Supplier and can debit the amount( already paid to freight lorry) in Supplier's Ledger account. B)At the time of billing supplier will not know, when customer will give payment against this bill. Correct Thankachan sir..But,... Under GST law, taxable value is the transaction value i.e. price actually paid or payable, provided the supplier & the recipient are not related, and price is the sole consideration. So , if there is any condition between , Supplier and Receiver that there will be a interest on late payment. Then , in that situation, if any late payment happened,supplier needs to issue Debit note to increase the supply value. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------ I think, based on your question, you may be working in Accounts/Finance field. So you know, Whenever supplier needs to increase supply value NEEDS ISSUE DEBIT NOTE & whenever needs to decrease supply value NEEDS TO ISSUE CREDIT NOTE. ----------------------------------------------------------------------------------------------------------------------------------------------------------------------- Thank you sir, for your good questions...ABOVE SHOWN IS ONLY MY UNDERSTANDING OF THE GST LAW.Kindly clarify this with Chartered Accountant Or Experienced GST PRACTIONER. and kindly share their view also. GST is a vast subject. So these discussion will help for better undestanding of the Gsr law. Thanks...
Good informations sir
thank you Bineesh...thank you very much....
💙from goa
Very useful
Thank you brother...
following........thank u
Thank you too
Thanks 🥰
Thanks...
🌹
tnqsir
Hi Arunima, Thank you...
സാർ, trade discount എന്നാൽ ബില്ലിൽ കുറച്ചു കൊടുക്കുന്നതും qty discount, cash discount (immediate payment നു )എന്നാൽ pre decision ഓട് കൂടി credit note ആയി കൊടുക്കുന്നതുമാണ്,
Thank you Vavachan Anirudhan Sir...ഹൃദയം നിറഞ്ഞ സപ്പോർട്ടിനു നന്ദി ....Every time I am working hard for updation and doing things bettter and better...Thank you brother..thank you very much..Some busy, so sorry for the dely in reply...
സപ്ലയര്‍ goods സപ്ലൈ ചെയ്യുമ്പോള്‍ റിസീവര്‍ ട്രസ്ന്പോട്ട്രുമായി ഒത്തുതീര്‍പ്പില്‍ ഒരുതുക ട്രാന്‍സ്പോര്‍ട്ടെഷന്‍ ചിലവായി കൊടുത്തു, ഇത് ഫിക്സഡ് റേറ്റ് ആയിരുന്നില്ല എങ്കില്‍ എങ്ങന വെണ്ടര്‍ GST യില്‍ ഉള്‍പ്പെടുത്തും?
Hi Anees...Is it supplier expense or receiver's expense...? Receivers expense need not to come in Bill...
GST Service ne kurich detail ayittu parayamo,,, and filling, tally
Hi Rahul...too much class is pending....time is big problem in front of me...
Sir its very important. Pls.....
Work contract class undo
Hi Janeesh, will try later...no little busy...
Subsidy manssilayilla sir
Hi Arunima, hear once again.
Recpient gst adakkende
question is not clear...
നമുക്ക് ഒരു സർവീസ് ഒരു സ്ഥാപനത്തിൽ നിന്ന് ലഭിച്ചു അതിന്റെ ഭാഗമായി അവർ സർക്കാരിലേക്ക് ഒരു തുക ചലാൻ അടച്ചു. GST കാണുമ്പോൾ ചലാൻ അടച്ച തുക കുറച്ചിട്ട് കണ്ടാൽ പോരേ?
Sir, A)One supplier agrees to supply goods in his customer's warehouse for Rs.50,000/- but at the time of delivery of goods in customer's warehouse, customer paid Rs.5,000/- as a freight on behalf of supplier. As per the valuation rule, the supplier should add this Rs.5,000/-along with Rs. 50,000/-, then the total will be Rs.55,000/- and the GST will be applied on Rs.55,000/-, but if this is the case, how can supplier add Rs.5,000/- in his bill of Rs.50,000/-.? because Freight amount is paid by supplier, and when we issue invoice to customer how can again show this amount in bill, . If we do not show this 5,000/- in the bill we can not show the correct GST amount in the bill.
B) Also please note that it is said if any interest for delayed payment, that also should be shown while valuation ; but at the time of billing , how can supplier know , when customer is going to pay the bill with interest amount ?, then how can we show this amount in valuation ? . If I am not mistaken we should show the correct GST amount in the bill, so if we want to show correct GST amount in the BILL, we will have to show (i.e if there is any interest ) interest amount also in the bill., please guide me sir .
Thankachan Sir...asked 2 brilliant questions..ok
A)Normally, as per GST Rule any expense incurred by supplier which related to Outward supply should be added with GST supply (sales). If any thing missed , that leads to a shortage in Supply amount, Supplier needs to issue Debit Note to increase supply value. Here normally supplier need to include Freight/transportation charges to outward supply.But mostly not doing this.Receiver paying freight charges and later supplier reimbursing these freight charges.
SUPPLIER :CAN issue DEBIT NOTE for this and correct their supply value.
RECEIVER: can account this debit note issued by Supplier and can debit the amount( already paid to freight lorry) in Supplier's Ledger account.
B)At the time of billing supplier will not know, when customer will give payment against this bill. Correct Thankachan sir..But,...
Under GST law, taxable value is the transaction value i.e. price actually paid or payable, provided the supplier & the recipient are not related, and price is the sole consideration.
So , if there is any condition between , Supplier and Receiver that there will be a interest on late payment. Then , in that situation, if any late payment happened,supplier needs to issue Debit note to increase the supply value.
------------------------------------------------------------------------------------------------------------------------------------------------------------------------
I think, based on your question, you may be working in Accounts/Finance field. So you know, Whenever supplier needs to increase supply value NEEDS ISSUE DEBIT NOTE & whenever needs to decrease supply value NEEDS TO ISSUE CREDIT NOTE.
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------
Thank you sir, for your good questions...ABOVE SHOWN IS ONLY MY UNDERSTANDING OF THE GST LAW.Kindly clarify this with Chartered Accountant Or Experienced GST PRACTIONER. and kindly share their view also. GST is a vast subject. So these discussion will help for better undestanding of the Gsr law. Thanks...
Good information sir
Thank you Anitha,...