so what should be the vat payable to fta if 262 is reclaimable? Can we reclaim this or just we have to enter the amount in while filling and cant reclaim it in real?
Hi Gaurab, When you create a bill for unregistered supplier with reverse-charge enabled, this automatically creates a self-billed invoice. You can view this summary by navigating to Reports > Taxes > Self Invoice Summary. Hope this helps. If you have any further queries, please write to us at support@zohobooks.com and we'll be glad to help. Have a great day!
Hi Muhammad, It would be great if you could elaborate your query and drop us an email at support@zohobooks.com so that we are in a better position to assist you. Have a great day!
so what should be the vat payable to fta if 262 is reclaimable? Can we reclaim this or just we have to enter the amount in while filling and cant reclaim it in real?
Does ZOHO generate Payment voucher against RCM for unregistered suppliers bcoz thats a mandate from GST dept.
Hi Gaurab,
When you create a bill for unregistered supplier with reverse-charge enabled, this automatically creates a self-billed invoice. You can view this summary by navigating to Reports > Taxes > Self Invoice Summary.
Hope this helps. If you have any further queries, please write to us at support@zohobooks.com and we'll be glad to help.
Have a great day!
The conclusion is that the net amount payable will be zero. Am I right ?.
Hi Muhammad,
It would be great if you could elaborate your query and drop us an email at support@zohobooks.com so that we are in a better position to assist you.
Have a great day!