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Suman Sarkar (Accountant) (124 Points)

19 December 2018

What is the per day limit for Unregistered purchase of goods/services?
what if I exceed the limit?

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7 Replies

pritesh (CA Final student) (7101 Points)
Replied 19 December 2018

5000.

But it has suspended up to 30th sept 2019

Suman Sarkar (Accountant) (124 Points)
Replied 19 December 2018

so what is the current scenario for URD purchase?

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 19 December 2018

No need to pay rcm for the inwards from URD and no limits.

**Except sec 9(3) related activities.

Suman Sarkar (Accountant) (124 Points)
Replied 19 December 2018

So if a construction company purchases cement from urd and do not pay any gst there is no issue?

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 19 December 2018

No more issues.. ..

Suman Sarkar (Accountant) (124 Points)
Replied 19 December 2018

no effect on ITR if a company shows all purchase of materials as URD?

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 19 December 2018

No....

Better to explain Your views of problems if it's IT...

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