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invoice

06 August 2017

i am in registered in GST .. AND my customer is in coposition...i sold goods to him that time i issue tax invoice or bill of supplies ???

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17 Replies

CA Rashmi Gandhi (Chartered Accountant) (86308 Points)
Replied 06 August 2017

Tac Invoice.....

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RAJA P M ("Do the Right Thing...!!!") (127911 Points)
Replied 06 August 2017

You are regular dealer... you ll give only tax invoice. Anybody ll be purchase from you . You give tax invoices only.....

Ajay Prajapati (512 Points)
Replied 06 August 2017

composite dealer pay tax which add on tax invoice ?

RAJA P M ("Do the Right Thing...!!!") (127911 Points)
Replied 06 August 2017

Composition dealer can't take ITC and can't give Tax invoices....

Ajay Prajapati (512 Points)
Replied 06 August 2017

but compostite dealer is not eligible for ITC so why he pay tax when he purchase from registered dealer ?

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Ajay Prajapati (512 Points)
Replied 06 August 2017

his agreement was pay tax in aggrigate sale amount so y he pay tax time of purchasing fron reg dealer

CA Rashmi Gandhi (Chartered Accountant) (86308 Points)
Replied 06 August 2017

Rule is rule.

You have to pay tax as you are unregistet then you have to vollect from customer.

CA Rashmi Gandhi (Chartered Accountant) (86308 Points)
Replied 06 August 2017

If you dont want to collect then pay it out of your pocket

Ajay Prajapati (512 Points)
Replied 06 August 2017

how a composite dealer collect tax from customer cause he issue bill of supply composite dealer not eligible to collect tax so how he collect tax from customer ?

CA Rashmi Gandhi (Chartered Accountant) (86308 Points)
Replied 06 August 2017

Composition dealer cant collect from his customer but you have to collect.

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Ajay Prajapati (512 Points)
Replied 06 August 2017

means coposite purchase 1000 taxable amount 100 gst ... then composite sold this goods 1100 or much more as his margin ?

RAJA P M ("Do the Right Thing...!!!") (127911 Points)
Replied 06 August 2017

above 1100.... after the items value high. Customers ll be buy things to another register dealer.
So, Composition scheme is not good for all.....

Chhatra Singh Dugar (1464 Points)
Replied 06 August 2017

Mr Prajapati you could not understood of the concept of Composition Scheme. There are 2 type is Sale. One is B2B ( business 2 business ) Another is B2 C ( business 2 customer ). In B2B your customer is to take take advantage of GST charged by you in Tax Invoice as ITC. while in B2C sale is direct to customer and customer is last in the chain and is not to take advantage ITC. So in B2B sale you are to Tax Invoice but in B2C you are to Bill of Supply if you are in composition.

Ajay Prajapati (512 Points)
Replied 06 August 2017

i m also know about B2B and B2C .... also know about customer not claim ITC ... i m taking aboit when composite purchase from registered dealer ... you say B2C means no ITC how a composite buyer to to B2C he is a registered person .... i think yoU too much understand about composite thats y u give answer in attitude ... no need your opinion there r many more to help