TaxTMI 
TaxTMI 
TaxTMI 
GST on frequent purchase
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....ST on frequent purchase<br> Query (Issue) Started By: - Kishan Barai Dated:- 5-7-2017 Last Reply Date:- 16-7-2017 Goods and Services Tax - GST<br>Got 1 Reply<br>GST<br>My friend has a trading shop of ....
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....tools & nut bolts, he registered in GST as his turn over was above 20,00,000 INR , now many small carpenter , garage owner , home decor biz came to his shop for purchasing tools & nut bolts & my frien....
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....d billed them after a month. Every time when they come to buy he give them chalan with bill to be paid & they pay Complete bill with tax after a month or two. Now how to continue this system in GST ?....
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....? Is chalan allowed in GST ?? / Debit note ?? If my friend suggest them to pay bill every time at the time of purchase, huge Business loss could occur So how do you address to this problem legally....
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.... ?? Reply By Ramesh Kothari: The Reply: Yes dispatch on Chalkan n raised a single bill at end of the month<br> Discussion Forum - Knowledge Sharing ....