Question ID :
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 ?
Apr 30 2019 12:00AM