Purchase

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 July 2017 I am registered and regular dealer in GST,

if i purchase from dealer registered under composite scheme,

i need to pay tax on that purchase?

Rahul varshney

Rahul varshney (Expert)
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14 July 2017 NO, Reverse Charge Mechanism attracts when you purchase from unregistered dealer, (exceed Rs. 5000/day)
Explanation:
Vide Notification 08/2017 dated 28/06/2017, reverse charge provisions would not be applicable if the aggregate value of such supplies of goods or service or both received by a registered person from any or all the suppliers, "who is or are not registered", does not exceed Rs. 5000 in a day