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GST Rate for freight & insurance, Goods and Services Tax - GST |
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GST Rate for freight & insurance |
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I am manufacturer I am billing in single invoice Product@12% ₹ 50000 Product@%18% ₹ 20000 Product@ 28% ₹ 10000 Freight ₹ 10000 Insurance ₹ 2000 Total 92000 Transactions is FOR. Now my question is what rate I will charge for freight and insurance? Or I will charge 28% on entire 92000? Or I will charge 18% on freight insurance.?.it's a composite supply? What will happen if I collect actual Freight from customer? What will happen if i collect freight above actual? Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
In your case; you have to charged higher rate 28% on freight and Insurance.ITC will be available to your recipient. Page: 1 Old Query - New Comments are closed. |
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