https://www.taxtmi.com/forum/issue?id=118403 GST is charged on the full selling price shown in the invoice; if price is tax-inclusive the tax component is apportioned per invoicing rules. Output tax shown on sales is reduced by allowable input tax credit for purchases, so the net cash tax equals output tax minus input tax credit, effectively taxing the value addition. en-us Sat, 04 Mar 2023 18:37:02 +0530 Thu, 23 Jan 2025 15:54:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118403 GST is charged on the full selling price shown in the invoice; if price is tax-inclusive the tax component is apportioned per invoicing rules. Output tax shown on sales is reduced by allowable input tax credit for purchases, so the net cash tax equals output tax minus input tax credit, effectively taxing the value addition. Discussion-Forum GST Sat, 04 Mar 2023 18:37:02 +0530 https://www.taxtmi.com/forum/issue?id=118403