Dear Friends
X being a supplier supplies tendu leaves and tobacco leaves to Y (interstate supply).
Now both tendu and tobacco leaves are covered under RCM (Section 9(3) ) but tendu leaves are exempt and tobacco leaves are taxable at 5%.
now when you pass entry in tally, it gives warning that "Invoice contains reverse charge and other than reverse charge".
Whats the need for this warning?
whats wrong in a invoice containing RCM (exempt tendu) and RCM (taxable tobacco) both?
regards
shivani
| Bidi wrapper leaves (tendu) | 14049010 | 18 | 28/06/2017 | 14049010, 14049021, 14049029, 14049030 | |
| Vegetable products not elsewhere specified or included such as cotton linters, Cotton linters, Soap nuts, Hard seeds, pips, hulls and nuts, of a kind used primarily for carving, (coconut shell, unworked deleted w.e.f 14/11/2017), Rudraksha seeds [other than bidi wrapper leaves (tendu), betel leaves, Indian katha, ( inserted w.e.f 14/11/2017 :coconut shell, unworked ] [other than 14049010,14049040,14049050] | 1404 | 5% | 28/06/2017 | 14041011, 14041019, 14041020, 14041030, 14041040, 14041050, 14041061, 14041069, 14041070, 14041090, 14042000 |
| Originally posted by : Vinod Babu | ||
 |
Raja sir please tell which hsn is correct |  |
Both are correct...
But, Check out the Difference...
Dear All
my query remains unanswered.
HSN code for Tendu leaves (Bidi wrapper leaves) is 14049010
if you check the exemption list, you will find that presently it has been exempted.
so this is taxable under reverse charge, it is presently exempted.
so pls reply to my query, w hy is tally showing error if X supplies tendu leaves (taxable attracting reverse charge but exempted) and tobacco leaves (taxable under reverse charge) in single invoice?
regards
shivani
Naveen Fintech Pvt Ltd
Kolkata
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Gupta Sachdeva & Co. Chartered Accountants
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