watch_later 23/10/17

my supplier is filing return with Rounded up TAXABLE Value. i.e.( for example-

he raises invoice for

Taxable value:  2388.30 + CGST14%  334.36 + SGST14%  334.36  +R/o  (-).02 = Total  3057.00

where as he is rounding off the taxable Value while uploading the invoices and my GSTR 2

showing the data as below i.e.

Total Invoice Value :  3057.00  Taxable value:  2388.00 + CGST14%  334.32 + SGST14%  334.32

PLEASE NOTE  that change in taxable value also changed the tax amount , both CGST and SGST.

there are 30-35 invoices per month and the supplier are two different companies (MNC), and every invoice is uploaded in this manner.

Please suggest urgently , what should I do, should I edit the Invoice Details or accept it as it is . Please reply URGENT.

1 Response | Latest response: 23/10/17 | Sort by Likes(thumb_up) Recent | GST Reply
watch_later 23/10/17

I think you can accept the return as it is.

In case of MNC's once they follow a system, it is hard to change their system.

However you can have a word with your supplier to file return with taxable value instead of value after rounding off.


Sign up to discuss taxation, accounting and finance topics with experts from all over India.

Join Discussion