Question ID :
38120
Disclosure in E-WAY Bill
My client is dealing in Solar panel business in which they get subsidy from Government , now their invoice contains particulars as below
Taxable Value - 100
Tax - 18
Subsidy - 5
Invoice value - 113
(Government is giving subsidy only if invoice is made as disclosed above)(it is opposite to valuation rule which clearly mentioned that value of supply dose not include amount of subsidy given by government)
now , what should be the value of E-WAY bill ? because even slight change between invoice value and E-WAY bill will cause him huge penalty by mobile squad.
And also suggest how value should be shown in GSTR-1 ?
how subsidy should be disclose ?
Posted by
parth
on
Apr 30, 2019
Filed Under
GST
Answer ID :
76526
Additional fields for entering the invoice amount have been introduced
The additional fields for entering the amounts namely subsidy ’ & ‘Other Amount (+/-)’ have been introduced. ‘Other Amount’ column can be used, to enter any other charges written in the invoice or any discount provided, so that ‘Total Invoice Value’ will match with the Invoice for which e-way bill is being generated .
Posted by
CA. BISHT RAKESH on
Apr 30, 2019
Answer ID :
76550
disclose the particulers as in the gst invoice.
Posted by
CA. VENKITARAMAN K V on
May 08, 2019