dear sir ,
i my business is mostly a counter sale business. i sale the product on cash which amounts to more than 10 lack per month ...
my GST accountant have made a single entry of rs. 12 lac fir July , 10 lack for august , and so on and all these sale have been shown as cash ..
plz guide me for this weather he have pass the entry right ... will there any problem in future ...
1 Replies
sudip sharma
(article)
(734 Points)
Replied 21 December 2017
GST law you need to issue invoice for every transaction. however in the case of deal with unregistered dealer and amount of invoice is less than rupees 200 then then you don't need to issue invoice for that unless unregistered person insist for it . however in this case you need to issue a single invoice for all day this kind of transaction and you need to account as invoice method because it will it will have more control on your business and you can save from GST department in future
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