Applicable GST
GST extra as applicable” indicates that the price mentioned for a product or service does not include the Goods and Services Tax imposed by the government. The GST amount will add separately to the quoted price, and the final price will include in it. So the GST amount will add to the quoted price at the time of invoicing.
In India, GST is a comprehensive indirect tax levy on the supply of goods and services. It is a value-added tax that charge at every stage of the supply chain, from the manufacturer to the end-consumer. GST is applicable on the value of goods and services. The rate of tax varies depending on the type of goods or services supplied.
For more information to visit: https://www.gst.gov.in/
When a supplier or service provider states “GST extra as applicable” in their quotation or invoice, it means that the quoted price is exclusive of GST and that the GST amount will add to the final price. The applicable rate of GST will be added to the base price to arrive at the final price, and the supplier or service provider will collect the GST amount collect the tax amount from the buyer and submit it to the government.
It is important for buyers to be aware of the GST implications when making purchases or availing of services to avoid any misunderstandings or disputes with the supplier or service provider.
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