Hi there,
My Company's location is Chandigarh. I am purchasing goods from Mumbai. If i send a goods return to Mumbai, Can i charge Freight(exp. incurred in return exp) in Invoice as follows:
Taxable value for Goods: 1000/-
IGST (18% on 1000/-) : 180/-
Add: Freight: 118/-
Total Value: 1298/-
Note : Freight and forwading agent will charge me for this 100/- plus 18% Gst and will issue me a tax invoce.
Also tell me in which section of CGST Act my point is falling.
your invoice should be as follows
Goods value Rs.1000
Freight Rs.118
igst Rs.201(Rs1000+Rs.118= 1118*18%)
total invoice value Rs1319
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