24 June 2017
I m mobile phone retailer and I have service center too.my business turnover is 17-18 lac per annum.
I am purchases mobile phones and accessories from other state. now my supplier asking me that if I did not reg with gst tax liability on my purchases arises on himself.
I am confused on whole matter so Plz ans me is it true or false. and one more thing as I have service centre is there any tax payble ?
If he sold to unregistered dealer (you if not registered) then he will have to pay tax under reverse charge mechanism. However same is allowed as credit to him.
CAclubindia
