Menu
If registered dealer purchased goods from unregistered dealer
what will be implications on registered dealer?? whether he is liable to pay GST?? pls give me knowledge.
Replies (5)
yes he will be liable under reverse charge
Purchase of goods from unregistered person shall be covered under "Reverse Charge Mechanism" and the purchase is required to pay GST. However, he can avail input tax credit.
Purchase of goods from unregistered person shall be covered under "Reverse Charge Mechanism" and the purchase is required to pay GST. However, he can avail input tax credit.
ok..thnx for guidance
Recent Threads
- Form 16 format
- 17(5) Blocked ITC
- Transfer of equity shares to original owner
- Login credentials and payment acknowledgement not
- Export sales not realised payment not received fro
- Capital gain account amount utilisation
- Form 26QB – Section 194-IA: TDS on Full Cons
- Indexation Benefit available or not on Calculation
- Documents for return exhibition material
- Can I set off equity losses(both short term loss a
Related Threads
CAclubindia
