Please let me clarify whether it is necessary to issue such invoice for purchases made from Unregistered/composite dealer? What is the logic behind to issue invoice upon myself?
Yes you are correct no more logic. You can made self invoice for URD only. Not, composition dealer. Self invoice using for yourself... please read the following steps... 1. Purchase from URD Rs. 1000 @ 18% 2. You ll be pay Tax Rs. 180 under RCM. Where to note the tax amount. You can't write URD's bill. 3. You enter the value to the book URD purchase 1000 tax 180. But, bill is only 1000. 4. If we prepare self invoice URD and also enter tax. 5. Above said we can calculate tax easily and books of accounts maintain also easy...