05 May 2018
As you know the threshold limit of purchase from unregistered dealer is Rs. 5000.00 under RCM, What should I do if I have 18 Branches under one GST registration?
1. Every 18 branches can spend or purchase from unregistered dealer upto Rs. 5000.00 each. And no RCM liability will levy on me.
OR
2. In all 18 branches we can only spend or purchase from unregistered dealer only upto Rs. 5000.00 . I mean all 18 branches expenses or purchase will be treated as one. And what will be the RCM liability.
05 May 2018
second option... but, Reverse Charge Mechanism (in case of supplies made by unregistered persons to registered persons) delayed till 1st July 2018
CAclubindia
