Unregistered purchase

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 September 2017 Dear Experts,
we are registered dealer pls let me know can we purchase the goods exceeding 5000 per day from an unregistered dealer?
Is it allowable in gst regime

Thanks
Rohit khurana

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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14 September 2017 Yes allowed but you have to pay GST under RCM.

Querist : Anonymous

Querist : Anonymous (Querist)

14 September 2017 Sir?
That mean if we purchase the goods to the extent of 5000 then No Need to pay tax under RCM

Right

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Dibin Divyakumar

Dibin Divyakumar (Expert)
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14 September 2017 Yes. You can purchase goods / Avail Services such a way that, your total inward supply from various unregistered dealer does not excees Rs. 5,000/-. If the total exceeds 5K, pay RCM on the whole amount.

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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14 September 2017 Please note that the exemption is available per day and not per person. Also remember that goods purchased by you does not fall under notified goods u/s 9(3), in which case benefit of this exemption notification is not available. It is available only in respect of general RCM that is section 9(4) cases.