Sir plz mujhe ye bataeye ye composition, regular delear and ye Kya hota h aur Eska gst se Kya connection hai, Aur gst Kab aur Kitna return karna hoga aur gst me Agar late payments Kiye toh Kab aur Kitna late payments dena hoga.
Hi I have few doubts related to RCM(tally ) 1) I have raised the tax liability (RCM) By journal entries as by you I have raised journal as on 31/7/7 Voucher having date31/7/17
2) as for GSTR-3B I WILL HV TO FIRST CREATE AND pay challan for RCM and GST PAYABLE (IF ANY)
3) As I will be making payment on 17/08/17 I will pass the entry in tally on 17/08 to credit bank and debit output tax accounts
4)Then after the above entry I will pass the journal entry to debit input tax ledger and increase my ITC
Sir now my question is when can I claim the above ITC(RCM)in the return for July or the return for AUGUST
SIR PLZ CORRECT ME IF THERE IS ANYTHING WRONG IN THE ABOVE ENTRIES
Under gst I received a bill of rs. 100/- and gst paid 5% means I paid total rs. 105. Question is if I sale that item adding profit rs 20/- than what is my bill amount. e.g a) sale amount rs. 131.25 or b) sale amount rs. 126/-.
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