Hi,
If we purchase some taxable items(Value Rs.100000/-) from a unregistered delaer(tournover below 20 lacs) for promotional purpose, is there any GST liabilites with us(We are registered with GST) ? please advice ..
pallab saikia (SERVICE) (96 Points)
28 September 2019Hi,
If we purchase some taxable items(Value Rs.100000/-) from a unregistered delaer(tournover below 20 lacs) for promotional purpose, is there any GST liabilites with us(We are registered with GST) ? please advice ..
Langesh Siva
(Accounts Manager)
(164 Points)
Replied 28 September 2019
If promotion purpose if you accounted like sponsorship you are liable to pay under RCM otherwise book it as a expenses,
Note:- Whether taxable or non taxable item unregistered persona not able to charges GST
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
CAclubindia
