18 July 2017
sir i m a registered dealer purchase good from unregistered dealer in this case reverse charge is applicable on the other hand i sale good to registered dealer gst tax applied. in such case whether i have to pay rcm +sale gst to govt or rcm -sale gst to govt pls explain sir detail accounting entry for me
18 July 2017
01. purchases from unregistered dealer : RCM is applicable. You prepare your invoice in your OWN/business name and pay the GST 02. For sales...you have to add the gst to the billing amount and pay when the challan is generated on 20th of the following month
CAclubindia
