sir, I am a small manufacturer of bags . still I have no vat due to proof of business and proof of address. b coz I rented a room for manufacturing bag but owner not giving noc to get vat. what to do? but buyer wants purchase bill . I bought accessories from different shop which is urd. I make bags and sell it into market. but they demand bill.
Menu
GST or IGST for manufacturer
Replies (4)
Get Noc from the owner, Get VAT Registration & thereafter migrate to GST.
Or risk losing business.
Under new GST regime, when a registered supplier procure goods or services from a non registered supplier, registered supplier is required to pay GST under reverse charge mechanism. The registered suppliers will not prefer to procure goods from non-registered vendor. Thus it shall be necessary for you to get registered under GST for benefit of your own business.
you should get registered yourself in GST..
Recent Topic
- Cross-utilization of ITC between Trading and Resta
- Form 121 eligibility for non deduction of TDS for
- Gold/silver etf. STCG. how to decalre in ITR at s
- ITR-2 : cash income that does not fall under any h
- Debit note issued to supplier
- Ca pratik takkar imp list
- TDS EXECESS AMOUNT ADJUSTMENT
- What's the ONE thing about GSTR-2B / IMS reconcili
- Is GST Registration Mandatory for Freelancers in I
- ITR TO FILE
Related Topics
CAclubindia
