RAJESH ACCOUNTANT, Goods and Services Tax - GST

[rajesh subramanian]

DEAR SIR

WE ARE 100% EOU PVT LTD COMPANY, WE FROM COMPOSITION DEALER, WE ARE RECEIVING BILL FOR BOTH FABRICATION CHAREGES WITH MATERIALS ( ie MATERILAS + LABOUR ) EXAMPLE PAINTING CHARGES WITH COST OF PAINT AND GST NOT CHARGED IN THE BILL

1. IN THIS SCENARIO HOW CAN WE MAKE ACCOUNTING ENTRY.

2. RCM IS APPLICABLE ?

Posts / Replies

[Shilpi Jain]

1. IN THIS SCENARIO HOW CAN WE MAKE ACCOUNTING ENTRY.

Composition dealer cannot collect GST. Account this as a normal purchase without GST. However, whether the vendor can opt for composition will have to be checked at his end.

2. RCM IS APPLICABLE ?

No RCM