gst regn
This query is : Resolved
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 ?
24 June 2017
Yes supplier is right.
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.
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.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR filing obligation due to savings deposit
- ITC availability for BOLERO-HILUX (HIGH AT, M1G) HLXX0
- Joint Account Closure
- TDS-Fixed assets
- 139(4) for ITR-5- audit
- To Keep Records
- Can Stamp duty taken as a expense
- Registartion of trust
- Advice on How to calculate the peak balance needed for schedule FA in India for US checking account?
- Are reflected in 2B in GST portal
- Updation of UDIN for ROC forms AOC-4 and MGT-7
- REGARDING FRESH ASSESSMENT ORDER TIME LIMIT
- Invoices not transmitted to ICEGATE because of non-authentication of Aadhaar
- Classification of unclassified authorised capital
- GST registration
- Royalty TDS for brass
- Spl02 waiver of interest and penalty
- Form inc-24
- Regarding EPR Obligation Charges
- How to make any party sales or purchase recociliation
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
