![]() ![]() ![]() ![]() Suppose, Cess % is 10%, Cess Amount per Unit Factor is INR 130 and Cess Factor Quantity is 1. Cess UOM (Unit of Measure), Cess Amount Per Unit Factor and Cess Factor Quantity. Method of calculation for type Cess% + Amount per Unit Factorįor component calculation type - ‘Cess % + Amount/Unit Factor’, system will consider ‘Cess %’ along with ‘Amount/Unit Factor’ defined on GST Setup fields i.e. In this scenario as the amount is greater than the threshold amount, 10% Cess has to be charged. An invoice has been issued for INR 10000. Suppose, Cess % is 10% and Threshold Amount is INR 1,000. In this scenario as the amount is less than the threshold amount, 2% Cess has to be charged. Suppose, Before Threshold % is 2% and Threshold Amount is INR 1,000. Note that Threshold amount defined in GST CESS setup for a particular GST Group Code will be applicable line wise. GST calculation will appear in the Fact Box, as following: Componentįor Threshold calculation type user will define Threshold Amount, Before Threshold % and Cess % (considered after crossing threshold amount). ![]() In this scenario, invoice has been issued for INR 800 on which 18% IGST (9% CGST and 9% SGST/UTGST in case of Intra-State or Intra-Union Territory transaction or 18% IGST in case of Inter-State transaction), 10% Cess has to be charged. If the Cess is applicable for any commodity, based on the GST group code then system will pick the Cess% defined on it. Cess % Or Amount / Unit Factor Whichever Higher.There are five different calculation types for cess calculation Input Tax Credit availed on GST Compensation Cess can be utilized only towards discharging Output tax liability of Compensation Cess and not otherwise.It is independent of IGST, CGST and SGST. Though it is coined as Cess, it is similar to tax. GST Compensation Cess is calculated on taxable value.These goods as on date are pan masala, tobbaco and tobacco products, coal, aerated waters, motor cars & motor vehicles and any other supplies. It is applicable only on notified goods.It is also applicable on imports and goods transactions which are subject to reverse charge. GST Compensation Cess is leviable on both interstate and intrastate supply of goods. ![]()
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