A registered dealer gstr3b and gstr1 returns nil filed up to 31-12-22.if dealer sales and purchase transaction amounts receipt and payments through on bank account.
question:
gst department verification receipt and payments Bank transaction sales and purchase transaction treatment tax applicable.
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Tax applicable on bank transaction
Replies (2)
Tax will be payable on outward supply at applicable rate of goods traded while input on goods purchased will be granted only if ITC is claimed in GSTR 3B till sept of next year.
Tax will be payable on outward supply.
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