A gst registered composite scheme purchase of 5 percent taxable goods value rs:25,690/-
value rs:18,340/-for the month of February-22 and purchase of goods return to supplier
value rs:5689/-
value rs:2456/-for the month February-22.
question:
dealer above two transactions purchase and purchase returns show in books and gst returns.
Menu
Purchase return goods for composite scheme dealer
Replies (1)
ITC can't be availed on purchase in case of composition scheme.
Only Sale value is relevant
Only Sale value is relevant
Recent Topic
- Reabte 87A new regeim for FY 2025-26 (AY2026-27)
- OTP ENTERED BUT NOT PROCESS THE RETURN
- Form 16 Includes Salary Recovered Towards Notice P
- Altera INTC
- Itr schema a.y 26-27 v/s form no.16
- Advance Tax for senior citizen with small speculat
- Zero income tax on Capital Gain on sale of house p
- Rental income calculation for 12months
- PF Withdrawal before completing 5 years
- Discrepancy in "Processed By Source" and
Related Topics
CAclubindia
