Menu
Purchase and sale from same person
if purchase and sale is done with the same person can account of the party be adjusted on net basis or that should be settle on gross basis
Replies (3)
Yes you can settle in on net basis.
You can settle it on NET BASIS. No problem. But kindly ensure that the correct rate of GST is applied on correct Taxable/Transaction Value.
Yes can be maintained under one Account .
Recent Threads
- Can I set off equity losses(both short term loss a
- Input tax credit on rent to rent
- Family Pension Army
- Waste Management services
- Seeking Clarity: New Transport Allowance Limits (D
- Query regarding Consolidated Gift Deed for Bank Tr
- TDS u/s194IB - Joint Ownership
- Free GST Reconciliation Tool in Google Sheets R
- NRI return after due date refund case
- TDS u/s 194J - training honorarium
Related Threads
CAclubindia
