Avinash Jeevan Dsouza (Assistant In Charge Accountant) (3292 Points)
08 November 2017Dear Experts,
We have received goods from composition dealer and we want to know whether we can claim the ITC for the same.
Tax rate is 18%.
Avinash Jeevan Dsouza
(Assistant In Charge Accountant)
(3292 Points)
Replied 08 November 2017
So I need to pass entry in the books as below:
Purchase A/c Debit (Including GST value) 9440.00
To Party (Composition Dealer ) Credit 9440.00
Avinash Jeevan Dsouza
(Assistant In Charge Accountant)
(3292 Points)
Replied 08 November 2017
Thank You Sir.
CAclubindia
