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 ..
2 Replies
Langesh Siva
(Chief financial Officer- CFO )
(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
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