Product purchased in Meters and sold under different UOM
This query is : Resolved
30 May 2020
We buy Wires for a Company and the UOM mentioned in Invoice is in meters, which (UOM in Meters) is duly recognized by GSTN.
We raise invoices of same product, in which we use Nos. (Numbers) as UOM (Again Nos. is also duly recognized).
Reason of doing so in ease of operation, as laborers and understand Nos. easily then meters, which they have to calculate?
Example by Product:
We buy a 90 Meter Coil of Wire, The company from whom we purchase shows the UOM as 90 meters sold to us, however we bill it to our client as 90 Meters Coil- 1 Nos. (we dont bill in meters, we show Nos. (Numbers)).
All the taxes which should be paid to Govt. are genuine even when billed in Nos.!
In GSTR1 we show Numbers in the HSN Section for said product.
My Query, Is doing this wrong from any perspective of GST Law? Experts, Kindly Enlighten!
We raise invoices of same product, in which we use Nos. (Numbers) as UOM (Again Nos. is also duly recognized).
Reason of doing so in ease of operation, as laborers and understand Nos. easily then meters, which they have to calculate?
Example by Product:
We buy a 90 Meter Coil of Wire, The company from whom we purchase shows the UOM as 90 meters sold to us, however we bill it to our client as 90 Meters Coil- 1 Nos. (we dont bill in meters, we show Nos. (Numbers)).
All the taxes which should be paid to Govt. are genuine even when billed in Nos.!
In GSTR1 we show Numbers in the HSN Section for said product.
My Query, Is doing this wrong from any perspective of GST Law? Experts, Kindly Enlighten!
31 May 2020
There is nothing wrong in doing so under GST perspective.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund of AY 22-23
- Should I include march foreign salary received in April in my income for FY 2023-24?
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Tax on capital gains revoked us 54f
- Inventory of finished goods
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- GST APPLICABILITY ON POLLUTION CHECK SERVICE
- Applicability of Ind As to associate of associate
- 115TD on cancellation of 12A 80G Registration
- Declaration of Profit of foreign subsidiary in Indian holding Company
- Return material
- TDS is applicable on payment of Fix Meal
- Form ITC 04
- TDR receipts for agreement holder
- Point (III) 9 of GSTR-9C
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
