banner_ad

RCM Invoice Expenses Debit

RCM 344 views 2 replies
User Avatar

3 Points Posted on 19 July 2017
GST Law allows to raise a consolidated invoice for 9(4) cases where the daily exemption crosses Rs. 5000.

Question is which expense GL would be debited in such a case? Can it be "GST exp." or it has to be debited to respective expense ledger.
0 Reply Share Follow
On 19 July 2017 at 21:46 Report
Replies (2)
User Avatar

Proprietor A K Kandpal & Associates
1442 Points Posted on 19 July 2017
you have to record all expenses separately....date wise....only self invoice of such expenses can be raised on consolidated basis.....recording in the books will have to be done on the basis of invoices received by you from whom you made purchases....
Reply
On 19 July 2017 at 22:00
User Avatar

3 Points Posted on 19 July 2017
But Sir kindly suggest in which particular head the said expenses should be debited in my books, as I am purchasing multiple type of items or availing services from unregistered dealers in a day?? Please suggest.
Reply
On 19 July 2017 at 22:07


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details