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Jatin Monga asked 4 years ago


Hello Madam.
Madam please clear 1 thing ki composit person
Jo purchase karta hai uski accounts entry
Same as regular person ki tarah karni hogi?
(B2b invoice ke jaise)

Agar same b2b ke jaise hi entry karni hogi to uske input tax ki adjustment kahaan karni hogi?
Becoz us tax ka input to milega nahi.
Pls rply on my email id

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1 Answers
Profile photo of S GuptaCA S Gupta answered 4 years ago

For composite supplier input tax is cost for him. So he will have to include it in cost.
GST does not provide any format/way for accounting so you may include in cost of goods or services or aternativey book as expense