Purchase without bill

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..... Purchase without bill
Query (Issue) Started By: - Harvinder Singh Dated:- 27-11-2019 Last Reply Date:- 29-11-2019 Goods and Services Tax - GST
Got 3 Replies
GST
My client is small trader registered as normal tax payer with annual turnover of less than 50 lakhs. He had purchased some goods from very lower level unregistered supplier who don't even provide invoice (given kacha parch .....

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..... a). Now my query is how to show this in GSTR 3B and GSTR-1. 1.Being small trader he is not maintaining any account. 2. All billing is b2b so has to declare that sale of product purchased from unregistered dealer. 3. HOW TO KEEP RECORD FOR THIS PURCHASE WITHOUT MAINTAING ACCOUNT. Do we need to generate self invoice without RCM? Reply By Ganeshan Kalyani: The Reply: There are software available .....

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..... in the market which may help you to maintain your books of accounts. Reply By RAJAGOPAL OBBAI: The Reply: Purchases from URD is exempt from payment of GST under RCM for now [other than notified services u/s. 9(3)]. Yes GST registered buyer has to raise self-invoice of such purchases from URD and declare the same in exempted purchases in GSTR 3B return in Table-5 [Exempt or nil rated or non GST .....

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..... inward supply]. Reply By KASTURI SETHI: The Reply: O.K. But the querist has problem with Katcha Bill. If the small trader is exempted from GST, commercial invoice has to be issued. Katcha bill ( slip) has no legal value. Goods have to be accounted for properly. FAQ (CBEC) Q.No.7 If we are only dealing in exempted items what is the type of invoice we are required to issue to our buyers? Is it .....

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..... bill of supply or regular GST Invoice? Ans. You may issue a commercial invoice in such cases. However, if you are a registered person, you may issue a bill of supply for exempt supplies
Discussion Forum - Knowledge Sharing .....

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