Menu
invoice from composition scheme holder
What shold be entry process of invoice recd from composition scheme holder to registered dealer, is there any Rcm applicable on that invoice.
Replies (5)
I think till date it is not yet clarified or notified
No more RCM activities if Purchased from Composition dealer...
He is one of the Registered dealer under GST...
Note :
RCM applicable only URD related inwards. Also it's suspended in current scenario...
He is one of the Registered dealer under GST...
Note :
RCM applicable only URD related inwards. Also it's suspended in current scenario...
No RCM on inward from Composition RD
So accounting entry should be done simply?
Purchase A/c Dr
To vendor
Purchase A/c Dr
To vendor
Yes... You can...
If You are noted specifically then it's better to books of accounts.
If You are noted specifically then it's better to books of accounts.
Recent Topic
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
- Please share the roc and income tax compliance fo
- Proprietor have 2 business. One is registered unde
- ITR-4 – Gross Receipts or Turnover for Secti
- Unrelated entries in AIS and Form 26as
- Payment to foreign national
Related Topics
CAclubindia
