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.
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RCM Invoice Expenses Debit
Replies (2)
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....
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.
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