we are wholesale dealers and trading goods . We purchase g
oods from unregistered persons below rs 10000 ( nearly 100 purchase bills per day) under gst is it necessary to make payment Voucher for 100 bills because we have to pay tax for inward supplies
6 Replies
Ishant Bansal
(9 Points)
Replied 28 May 2017
U have to pay tax on the amount of of outward supplies........ On inward supplying u will get ITC
CA NEHA RAMPURIA
(Taxation Consultant)
(1823 Points)
Replied 28 May 2017
Yes you would need to pay tax on inward supply on rcm basis if you want to get itc
chandramohan raob
(accountant)
(106 Points)
Replied 28 May 2017
is it necessary to make 100 payment voucher
CA NEHA RAMPURIA
(Taxation Consultant)
(1823 Points)
Replied 28 May 2017
Yes you need to raise invoices or else you wouldn't get itc.
chandramohan raob
(accountant)
(106 Points)
Replied 28 May 2017
yes we are raiseing invoices for 100 purchase bills belew 10000 .As per gst for uploading details invoice or payment voucher??????
chandramohan raob
(accountant)
(106 Points)
Replied 28 May 2017
for ex for advance received we have to make receipt voucher and upload the same
Recent Topics
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
- How to reverse wrong transaction payment in phonep
- Paytm wrong transaction
- How to reverse wrong transaction payment in phonep
- Issue with refund for person who has filed for rel
- How to take ITC for October 2024 GST Payment in PM
- How to refund a wrong transaction Phone Pe?
Related Threads
CAclubindia
