reverse charge
This query is : Resolved
03 September 2017
reverse charge invoice in GST
Total Replies : 0
Namit  01 September 2017A person is registered dealer under GST dealing in gold jewelry, he makes jewellery from unregistered karigar and pays him labour charges. In this case, how will he raise invoice of reverse charge I.e. by raising purchase bill on himself or by raising sales bill on himself ?
03 September 2017
By raising purchase invoice himself. Fill in gstr-2.
03 September 2017
Prepare Self URD Purchase invoice of Service for that Labour Charge and Pay RCM after calculating daily Limit of 5K at end of the month.
03 September 2017
thank you but URD purchase invoice to be prepared on the date of receiving service or at the end of the month ?
03 September 2017
If the labour charges for the day is Rs.7,000/- than is he required to reverse charge GST on Rs.7,000/-
03 September 2017
Prepare invoice on date of receipt of service. GST applicable on entire 7000.
03 September 2017
Thank you seetharaman sir but I have read somewhere that you have to prepare one consolidated bill on self for services received from unregistered dealers during the month
04 September 2017
No it is not correct. whenever goods or service or both supply invoice have to be created and service taking from single for continuation work then invoice will be raised after completing work so if work complete at the end of the month then invoice also prepared in the end.
04 September 2017
Yes you are right a consolidated monthly bill can be issued.
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