08 July 2017
sir if I purchase something from unregistered dealer then I have to deposit the tax under RCM then the tax will be collected from that unregistered dealer or I have to pay the same through my account
08 July 2017
A registered assessee receiving any supply of goods or services from an unregistered dealer has to pay GST at the rates applicable to that goods / services. The duty as to be paid by the recipient from his own account since the supplier is unregistered. The necessary details of such payments has also to be uploaded in GSTR - 1. In the subsequent month the Input credit on GST so paid can be availed by the recipient.
CAclubindia
