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Selling without purchase bill

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Trader
26 Points Posted on 18 March 2018

If a person has gst registered and he want to sell goods for which he is not having purchase bill but has to issue selling bill, is it possible under gst ??

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On 18 March 2018 at 21:35 Report
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Quick Summary
GST registered persons may issue sales invoices and sell goods, but must maintain proper purchase or stock records. Selling without purchase bills can create compliance issues, negative stock, and difficulty proving source of goods. Keep valid inward supply documents and accurate books.

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"Do the Right Thing...!!!"
128152 Points Posted on 18 March 2018
Yes... He can sale with Tax Invoice if he is a regular dealer. Collect GST Tax and Pay to govt...


But,
Clarify Yourself as without purchasing how to you sale your product?
Are you have any Stock?
Are you have any URD purchase?
or etc...?? n
1 Reply
On 18 March 2018 at 22:49
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564 Points Posted on 18 March 2018
yes made a purchase bill from unregistered person amd pay tax on reverse charge
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On 18 March 2018 at 22:49
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"Do the Right Thing...!!!"
128152 Points Posted on 18 March 2018
RCM differed from 13th October 2017 to 30th June 2018...
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On 18 March 2018 at 22:51
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CA Student
1683 Points Posted on 18 March 2018
you can definetly sale but also procure the document of sources of procurement . whether that can be tax invoice or even delivery note or challan ( till RCM reapplicabilty there is not implication)
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On 18 March 2018 at 23:17
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GST Practitioner
55067 Points Posted on 18 March 2018
technically no, because Ur stock goes in minus, As per rule 56, proper books account of inward & outward supply has to be maintained
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On 18 March 2018 at 23:17


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