Arun Mehta (47 Points)
16 July 2017
Madhwendra Mohan
(2 Points)
Replied 16 July 2017
Rajarajan
(AO)
(272 Points)
Replied 16 July 2017
Provided he has purchase bills are available.
If your pourchase invoice is excicse invoice, pass on the ED+VAT portion to your buyer.
If you are trader, identify your product's GST rate today and if it is <=5% take 40% & 60% if >-18% as ED credit and pass on to buyer.
Correct me if I am wrong
CAclubindia
