GST Returns
Punit Jain (22 Points)
06 July 2017
Is sale to unregistered dealer is required to be disclosed invoice wise?
10 Replies
upasana gupta
(Finance Professional)
(3931 Points)
Replied 06 July 2017
Invoice is important as you will be covered under RCM and you have to pay the GST so invoice is important for you.you can see RCM list of CBEC if you have any doubts on RCM eligibility.
https://www.cbec.gov.in/resources//htdocs-cbec/gst/list-of-services-under-reverse-charge-2.pdf
Punit Jain
(22 Points)
Replied 06 July 2017
Ma'am,
I read that RCM is applicable on purchase from unregistered dealer,
my client is purchasing goods from registered dealer and selling such gooda to unregistered small retailers on cash basis even if sometimes without issuing invoice.
So, Is he required to disclose each unregistered sale detail in GSTR-1?
I read that RCM is applicable on purchase from unregistered dealer,
my client is purchasing goods from registered dealer and selling such gooda to unregistered small retailers on cash basis even if sometimes without issuing invoice.
So, Is he required to disclose each unregistered sale detail in GSTR-1?
sushit shishul
(338 Points)
Replied 06 July 2017
Yes invoice wise detail is necessary for sale to un registered dealers. If your sale to unreg. dealer exceeds 2.5 L in total. You need to enter the detail in b2cl(business to consumer large)
Sachin Rajput
(account exe)
(593 Points)
Replied 06 July 2017
No need to disclose bill wise deatils for unregistered sale. You can put the consolidated value in return.
Pleaes be carefull in case of inter state sale, you have to disclose invoice deatils if sale amount is above 2.5 Lakh.
sushit shishul
(338 Points)
Replied 06 July 2017
My Bad. Sachin Rajput you are correct. sorry punit jain.
Punit Jain
(22 Points)
Replied 06 July 2017
another query:- help me out..
One of my client was selling b2b tax free goods under the old VAT regime; later such goods is taxable under GST @ 5 percent. so how can and how much ITC credit can be taken on stock in hand as on appointment date?
One of my client was selling b2b tax free goods under the old VAT regime; later such goods is taxable under GST @ 5 percent. so how can and how much ITC credit can be taken on stock in hand as on appointment date?
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