LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

No input bills from unregistered dealers

Rakesh Negi (Ecommerce) (147 Points)

07 July 2014

Purchase without any purchase bill from an unregistered delaers > How to show that.

We even do nothave Retail invoice. How to produce purchase proof.

Pl suggest

Reply
Follow
Share

3 Replies

Tribhuvan Aditya Singh (Student as well as Self-employed) (3710 Points)
Replied 07 July 2014

no bills means no input credit.... but if you want a bill just to pass entry in books then make bogus bill on rough estimates that are easily available in market.. you wont get input credit... and doing this is also wrong.. but can be done sometimes for sake of accounts.

Rakesh Negi (Ecommerce) (147 Points)
Replied 08 July 2014

I dont want Input Credit.

And My main business will be like that only, I am ready to pay all tax in all items.

Is it correct to make all bogus bills.

Pl suggest.

Tribhuvan Aditya Singh (Student as well as Self-employed) (3710 Points)
Replied 08 July 2014

if you continue purchasing from unregistered dealers then ask those dealers to give bill on rough estimates. they will provide you. i wont suggest you that you yourself always prepare bogus bill. try getting it from the seller and if possible ask them to put a stamp of their shop on that bill also.