we are wholesale dealers and trading goods . We purchase g
oods from unregistered persons below rs 10000 ( nearly 100 purchase bills per day) under gst is it necessary to make payment Voucher for 100 bills because we have to pay tax for inward supplies
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Reverse Charge Mechanism
Replies (6)
U have to pay tax on the amount of of outward supplies........ On inward supplying u will get ITC
Yes you would need to pay tax on inward supply on rcm basis if you want to get itc
is it necessary to make 100 payment voucher
Yes you need to raise invoices or else you wouldn't get itc.
yes we are raiseing invoices for 100 purchase bills belew 10000 .As per gst for uploading details invoice or payment voucher??????
for ex for advance received we have to make receipt voucher and upload the same
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