31 October 2017
Dear Experts, If we are purchasing small small things like, stationery, spares, water bottle, food and house keeping items from various vendors for less value say Rs. 100 to Rs. 500/-, is it liable for RCM? If it is liable for RCM, shall we accumulate all and show as single transaction in GSTR 1 and 2 in RCM? If we paid RCM on the above shall we take ITC on that? Mostly for this kind of small bills are un registered or memo bills, How can we show name of seller in GSTR 2, what will be HSN code.
CAclubindia
