Sir suppose I make registered person and I do expense on computer repairs or cartage from person who is unregistered Due to his 20 lack limit. Will I be eligible to show the expense in my profile and loss account as expenses.
siddharath (1) (115 Points)
24 June 2017Sir suppose I make registered person and I do expense on computer repairs or cartage from person who is unregistered Due to his 20 lack limit. Will I be eligible to show the expense in my profile and loss account as expenses.
Ashpak Ali
(Finance Accounts Manager)
(87 Points)
Replied 24 June 2017
When you are a registered person and your purchasing of goods or service from unregister person. Then in this case your libility to pay GST under GST Reverse Charnge Mechanisim. It will be applicable in bothe case like service or goods. You cant take input Credit after payment made.
siddharath
(1)
(115 Points)
Replied 24 June 2017
CA Akhilesh Kumar Kandpal
(Proprietor A K Kandpal & Associates)
(1442 Points)
Replied 24 June 2017
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
