Purchase From Urd

Rekha H
watch_later 2 years, 11 months ago


We have purchased goods worth Rs. 5,90,000/- from URD dealer. We have paid in cash. How to prepare purchase invoice?

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1 Answer

anonymous user watch_later 2 years, 11 months ago

If you have paid in cash, first these expenses will be disallowed under income tax.

Check cash transaction limits under income tax.

Under GST RCM provisions are lifted till July 2018. So, you need not to charge GST.

You need to create a sales invoice, under RCM without charging tax.

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