Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!

Purchase from unregistered dealer

CS Sheetal Mayekar (Practicing Company Secretary) (125 Points)

03 September 2018

How and what will be the impact of purchase from unregistered dealer on GSTR ?

Reply
Follow
Share

8 Replies

Deepak Gupta (CA Student) (15922 Points)
Replied 03 September 2018

Purchase from unregistered dealer should be shown in Table 5 of GSTR-3B, as it is to be treated as exempt supply till 30.09.2019.

2 Like

Upgrade to CAclubindia Pro. Subscribe Now!

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 03 September 2018

As the RCM on inward supply from URD is deferred till 30/09/2019 , hence such supply will be treated as exempted supply

1 Like

CS Sheetal Mayekar (Practicing Company Secretary) (125 Points)
Replied 03 September 2018

ok... but what if registered dealer purchase from registered dealer without GST bill...then what will be consequences ?

ANKIT SACHDEVA (A/c Manager at Pallavi Rajput & Co. (Chartered Accountants)) (244 Points)
Replied 03 September 2018

Originally posted by : sheetal mayekar
	ok... but what if registered dealer purchase from registered dealer without GST bill...then what will be consequences ?

Someone has to pay the tax. otherwise penal provisions will be applicable

1 Like

CS Sheetal Mayekar (Practicing Company Secretary) (125 Points)
Replied 03 September 2018

seller is paying GST @ applicable rates... so no concern for him...right ?

Upgrade to CAclubindia Pro. Subscribe Now!

ANKIT SACHDEVA (A/c Manager at Pallavi Rajput & Co. (Chartered Accountants)) (244 Points)
Replied 03 September 2018

its the loss of receipient who fails to claim ITC as it was paid by Supplier

1 Like

Vinod Babu (24191 Points)
Replied 03 September 2018

For the unregistered purchases, the RCM is deferred till 30-9-2019. So no need to pay gst on URD purchase as it treated as exempted supply as told by Pankaj ji.

1 Like