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purchase a bill gst tax when I will pay
purchase and sale both tax I will pay or not
Replies (2)
yes you have to pay GST for your purchase but you can take credit for that as input and for sales you have to pay by collecting from your customers but here you pay only the difference amount of tax between purchase and sales
Since the taxable event under GST is supply of goods or services or both, so GST is to be collected and paid on the supply ,
but,
the registered supplier can claim the ITC tax credit on the purchases made subject to the satisfaction of condition stipulated under section 16 of CGST act, 2017
but,
the registered supplier can claim the ITC tax credit on the purchases made subject to the satisfaction of condition stipulated under section 16 of CGST act, 2017
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