A Gst registered dealer purchase of medicines from another Gst registered dealers transaction details mentioned below
dt:14-09-22 purchase of medicines value rs:8000/-
dt:22-09-22 purchase of medicines value rs:12,000/-
dt:28-9-22 purchase of medicines value rs:10000/-
question:
dealer dt:30-9-22 purchase of medicines transaction all total value rs:30,000/- single tax invoice issued by selling supply gst dealer accepted in gst act.
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All transactions single tax invoice issued
Replies (2)
Quick Summary
Yes, it will be accepted, being in same month.
No....it's wrong practice. Iam saying so in context to , if suppose Medicine 'ABC' being purchased on 14-9-22 & the same has been sold by buyer on 14-9-22 . so in this case the your stock for ABC medicine will show negative stock balance till 30-9-22.
And as per the conditions prescribed in Rule 55 your supplier can't deliver them on DC & raising invoices at end of the. month.
Note : As per 31 of CGST Act need to issue tax invoice each such transactions.
And as per the conditions prescribed in Rule 55 your supplier can't deliver them on DC & raising invoices at end of the. month.
Note : As per 31 of CGST Act need to issue tax invoice each such transactions.
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