Hello sir ,
I am Registered with GST and i am buying Mobile Recharge Stock like 10000 stock from retailer (Who runs mobile recharge shop) .
There are many retailers like this , Like 100 retailers . I purchase 10000 stock from multiple retailers who are not registered with GST .
Now according to RCM i need to pay GST on that recharge . But that same product is already PAID with GST with their distributor or company .
So as RCM there will be double taxation on this .
So for 100 Rs MRP recharge i will have to pay 15 rs in RCM and the same item was paid with GST amount of 15 Rs .
So final GST on 100 will be 30 .
How to avoid double taxation on this ?
NOTE: If you say stop purchasing with retailer who is not registered with GST then it means just need to close down company
CAclubindia
