Our firm is registered under gst regular dealer if we purchase goods from composition dealer then how the taxation work

Dear Experts

When we buy fixed assets then we add any cost incurred thereon to the fixed asset till the asset gets into working condition.

But when we buy goods, do we also add freight cost into the goods or do we open separate account for freight?

regards
shivani

Dear Experts

If X receives goods from Y on 30 March 2017 but receives invoice on 4-Apr in respect thereof then how will accounting be done in books of both X and Y?

What will be the entries in two financial years involved?

regards
shivani

Dear Experts

If X has a place of business in Chandigarh and one godown in Chandigarh and another godown in Panhkula (Haryana).

Now if X buys goods from Y and wants some goods to be delievered in Chandigarh godown and some goods in Panchkula godown, then how will Y do the billing?

Will Y issue two delivery notes and two invoices one each for Chandigarh and Panchkula?

regards
shivani

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