Gst query


This query is : Open 

Quick Summary
This discussion addresses how a GST-registered dealer should handle accounting for old gold purchased from customers. Key questions revolve around how to invoice the jewellery sale and record the payment mode. It also clarifies the application of GST payable under the reverse charge mechanism (RCM), specifically whether to raise an RCM invoice or a purchase invoice with RCM not applicable.

28 January 2021 Sir,
A gst registered dealer old gold purchases from customers.
Question:
Dealer how to invoices raised by jewellery and payment mode show in accounting books in gst act.

28 January 2021 GST payable under reverse charge. Raise RCM invoice.

29 January 2021 Raise Purchase Invoice as RCM not applicable


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