banner_ad

Reverse Charge Mechanism

RCM 280 views 6 replies
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
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


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details