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Reverse charge

RCM 234 views 2 replies
Hi,
Suppose i'm purchasing some goods from unregistered person on regular basis as there's no other option for me !
maintaining daily record about that purchases i.e. its quantity , rate , Hsn , value etc
Now i shall have to raise a invoice on self
which procedure i should follow ?
A single invoice for whole month would result in trouble due to long list of purchases
or should i make invoice on daily basis
ofcourse we're boycutting unregistered suppliers but it'll take time
Replies (2)

Actually it should be on supply/receipt basis........

But if many supplies in a day, you can consolidate them per day.......

Supply of rs5000 per day by unregistered to register under RCM is exempted


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