Suppose A is buying goods for rs 1L per day from B for 15 days and sale that for the same amount to his customers. He makes the payment of 1L next day. On 16th day bill the commission of 3% ie 45000 will be deducted from 1L of that day n he will pay 55000 next day.
How to treat these transactions in gst returns of A?
Menu
Gstr 3b and gstr 1
Replies (1)
Kindly explain the whole situation
HAPPY TO HELP
MOHIT JAGNANI
8820448170
HAPPY TO HELP
MOHIT JAGNANI
8820448170
Recent Topics :
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
- IMS Rejection of Sales and Sales return
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
Related Topics :
CAclubindia
