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RECORDING OF PURCHASES


Renjith Ar   02 June 2020

Renjith Ar

 1 likes  31 points

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Im Running a Musical instruments shop and im purchasing some Materials for making certain instruments. (LOACL PURCHASES) But my Suppliers are not able to provide INVOICES for the purchases that I've made. The point is All my Raw materials are Nil Rated under GST. so How can I Account this for the purpose of showing them as my purchases because im issuing Invoices to all my clients by showing Nil Rate.
please Help. Thanks in advance

avater

Vishesh Surana   02 June 2020

Vishesh Surana

 360 likes  5652 points

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By using manufacturing account in tally

avater

Renjith Ar   02 June 2020

Renjith Ar

 1 likes  31 points

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But im not using any such Softwares right now..
Do i can use PURCHASE VOUCHERS manually for Recording them to my Accounts

avater

ankush soni (student)     02 June 2020

ankush soni
student 
 4 likes  98 points

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As your supplier is not able to issue you a tax invoice it means you are buying from unregistered dealer. so you can make the vouchers by yourself giving them some unique serial number. In accounts pass the entry for just a purchase but under urd purchase category.

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avater

Renjith Ar   02 June 2020

Renjith Ar

 1 likes  31 points

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Okay Sir.. Thanks for your Valuable Advice.

avater

Vishesh Surana   03 June 2020

Vishesh Surana

 360 likes  5652 points

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Prepare bill of supply on behalf of your supplier


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