07 July 2017
As per the notification issued it was said that the purchase from unregistered dealers per day till Rs.5000 is allowed(if it exceeds then under RCM the Purchaser need to pay GST). What about if the purchase is from the person who is not registered because his turnover does not exceed 20 Lakhs. Then also would RCM provision would apply? If it applies then would it not be discouraging for SSI's(since because of RCM no one would like to purchase from SSI's)
07 July 2017
Then also RCM provision would apply. There will no difference in cost including tax paid under RCM and purchase from registered dealer it is one and the same.
CAclubindia
