25 May 2018
--THE PARTY IS RETAILER AS WELL AS DISTRIBUTOR..DISTRIBUTOR MARGIN IS 3% & RETAILER MARGIN IS 5%. THE PARTY HAVE TWO BRANCHES IN BIHAR BESIDE ONE HEAD OFFICE IN BIHAR WITH SINGLE GST REGISTRATION. NOW MY QUESTION IS:: Q1) WEATHER IT IS TAXABLE EVENT OR NOT?? Q2) IF IT IS NOT TAXABLE WHERE SUCH SUPPLY TO BE SHOWN IN GST RETURN? Q3) IF IT IS NOT TAXABLE CAN I TRANSFER SUCH GOODS ON THE BASIS OF DELIVERY CHALLAN NOT TAX INVOICE? Q4) WHAT IS THE JOURNAL ENTRY IN TALLY (IN BOTH HEAD OFFICE & BRANCH ) & WHICH VOUCHER IS USED SO THAT IN CONSOLIDATION NO PROBLEM ARISES & CORRECT CALCULATION OF GST IN TALLY SHOULD BE DISPLAYED..
26 May 2018
1. No...
2. No need to show it in GST returns...
3. Delivery Challan and E-Way Bill if required...
4. In Stock Journal entry (please go to google and search)
CAclubindia
