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 :
- Capital gains incidence due to bonus shares
- Amendment of Object Clause of Memorandum
- How Can I Request a Refund for an Accidental Airte
- TDS on salary paid in cash
- YEAR END GST ENTRY FOR RCM NOT PAID RS 5000 I.E OU
- Last Date To Fill ITR For Non-Audit Case
- Guidance Required on Filing Fresh Registration und
- IT Return Refund Status AY 2026-27
- Clarification Regarding Income Tax Demand Notice
- Online PAN Download: Check How?
Related Topics :
CAclubindia
