Self invoice
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 November 2017
Dear Experts,
We have purchased goods and services from unregistered dealer.
Shall we have to prepare one single Invoice of different URD at the end of the month or party to party bill is compulsory?
We have purchased goods and services from unregistered dealer.
Shall we have to prepare one single Invoice of different URD at the end of the month or party to party bill is compulsory?
04 November 2017
as per my opinion party to party bill should be prepared at the end of the month
04 November 2017
RCM is not applicable for supplies from URD till 31st Mar 2018.
04 November 2017
yes but before October you have to prepare self invoices under RCM.
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 November 2017
But if per day transaction is less than 5000/- before Oct'17 then also we have to prepare party to party invoice?
04 November 2017
not at all. RCM is only applicable if your purchase from unregistered supplier is more than 5000/- per day.
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