EXAMPLE-3
INTRA- STATE AND INTER STATE SUPPLY of SERVICES
| PARTICULARS | INVOICE VALUE UNDER EARLIER TAX SYSTEM AMOUNT (Rs) | INVOICE VALUE UNDER GST AMOUNT (Rs) |
| Sale by (A) service provider (Haryana) to (B)another service provider(Haryana) | ||
| Value of Services | 2000 | 2000 |
| Add Service tax @14 % | 280 | 0 |
| Add Swatch bharat cess(0.5 %) | 10 | |
| Add krishi kalyan cess (0.5 %) | 10 | |
| Add Central tax @ assumed 8% | 0 | 160 |
| ADD State tax @ assumed 8% | 0 | 160 |
| INVOICE VALUE | 2300 | 2320 |
| Sale by (B) service provider(Haryana)to Agent (C) of Delhi -Inter-state | ||
| Cost of services (includes swatch bharat cess as not CENVATABLE) | 2010 | 2000 |
| Add profit margin(@10%) | 201 | 200 |
| Value of Services | 2211 | 2200 |
| Add Service tax @14 % | 310 | |
| Add Swatch bharat cess(0.5 %) | 11.055 | |
| Add krishi kalyan cess (0.5 %) | 11.055 | 0 |
| Add IGST @16% ( CGST+SGST) | 0 | 352 |
| INVOICE VALUE | 2543.11 | 2552 |
| CREDIT AVAILABLE | ||
| SERVICE TAX | 280 | |
| krishi kalyan cess | 10 | |
| Integrated tax liability | 352 | |
| ITC of CGST in E-credit ledger | 160 | |
| ITC OF SGST in E-credit ledger | 160 | |
| PAYMENT(IGST) through E-cash ledger | 32 |
Notes :- Credit
of CGST and SGST first utilized respectively, if balance remains, it can be
utilized for IGST as per (Section 49).