Respected experts,
The firm I worked is recently purchased a second hand machinery with a supplier and no Invoice for the purchase. Please inform me the following.
1. Is GST is applicable for this purchase? and taken the same as Assest.
2. GST Rate for the same?
3. Is the same is booked under RCM
Tally entry for assets & RCMs
Thanks in advance
Thank you for the reply Sir.
The Purchase is from URD.
Since the purchase is from URD; the same has to booked under RCM .
Please help me to make necessary entries in Tally under RCM
Thanks once again
Fytomax Nutrition Private Limited
Aurangabad
CA Inter
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Abic and Mani Chartered Accountants
Kottayam
B.Com
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CCI
Pro
CAclubindia
