Sir,
A sale a goods of Rs. 50 in composition scheme, we can raise the bill of Rs. 50 or more than Rs. 200 raise the bill in GST...
Am full confused Sir...
please help me sir.....
11 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 16 July 2017
Your query not cleared...
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 16 July 2017
It is not required to issue invoice below value of Rs.200/-
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 16 July 2017
If you are a Registered dealer then You purchased from URD then ll be paid RCM.
In this Case goods value is upnormal then sell by. Bcoz, URD purchased goods from any other dealer like RD regular Rs. 100 bill value. He can't take ITC. Then he ll be sell the goods add his margin if 10, then the value is Rs. 110.
Come to the point,
you ll be purchasing the goods then you ll be add your margin. The items value is above this cost of value. So, it's not good for the business.
You can add your margin if your convenience and quote the bill.
In this Case goods value is upnormal then sell by. Bcoz, URD purchased goods from any other dealer like RD regular Rs. 100 bill value. He can't take ITC. Then he ll be sell the goods add his margin if 10, then the value is Rs. 110.
Come to the point,
you ll be purchasing the goods then you ll be add your margin. The items value is above this cost of value. So, it's not good for the business.
You can add your margin if your convenience and quote the bill.
Natesha k
(Asst.Accountant)
(168 Points)
Replied 16 July 2017
Dear Sir / Madam,
What is the last date of ITR filing of Proprietorship and which form is applicable for proprietorship in ITR filling...
Turnover will be below 40 lakhs ..
Business have a loss ( Starts from 1st July 2016 )
Please help me..
What is the last date of ITR filing of Proprietorship and which form is applicable for proprietorship in ITR filling...
Turnover will be below 40 lakhs ..
Business have a loss ( Starts from 1st July 2016 )
Please help me..
Haider Iqbal Rizvi
(Student)
(23 Points)
Replied 17 July 2017
Dear natesha,
You have to file income tax return on or before 31 july 2017
Natesha k
(Asst.Accountant)
(168 Points)
Replied 17 July 2017
OK sir.. But which I do that return.. ITR 4 or ITR 3..
am confused Sir...
am confused Sir...
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