Dear Experts,
We have received goods from composition dealer and we want to know whether we can claim the ITC for the same.
Tax rate is 18%.
Dear Experts,
We have received goods from composition dealer and we want to know whether we can claim the ITC for the same.
Tax rate is 18%.
So I need to pass entry in the books as below:
Purchase A/c Debit (Including GST value) 9440.00
To Party (Composition Dealer ) Credit 9440.00
Thank You Sir.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
