19 April 2021
Sir, One of a pharmacy store maintained trader composite scheme registered in GST act recently. If a dealer purchase of medicines 5 and 12 and 18 % tax rate goods and exempt goods and sales to customers cash mode sales and Google pay and phone pay modes transactions for daily. Question: 1.Dealer purchase records tax rate wise or consolidate(single) account 2. Sales transactions accounting entires passed procedure in books.
It is advisable to maintain Tax Rate Wise Purchase & for Sale you can pass Sales Entry on Daily Basis by Debiting to Sundry Debtors Account & Credit the Debtors Account by BANK (GPAY, Phonepe) & Cash.
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