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?
if i purchase from dealer registered under composite scheme,
i need to pay tax on that purchase?
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
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
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