Purchase from unregistered dealer in gst

Page no : 2

Baldev Prajapati (264 Points)
Replied 09 October 2017

continue reading...

The Prime Minister said that the small taxpayers have received the Diwali gift in advance. The 22nd meeting of the GST Council was held after taking into consideration small and medium taxpayers and exporters. But it is to be noted that these are only recommendations and will be applicable only after the notification is published in the official gazette of India.

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RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 09 October 2017

Yes... You are correct.... Also I note the same is in some replies also my clients...

But,

No problem. It's in force from 1st October. Exact notification is shorly...

Rudrayani Shedjale (Assistant Accountant) (751 Points)
Replied 09 October 2017

if we have taken services from URD in the month of Sep-2017, we have to pay GST on the same?

CA Ritesh Gyanchandani (1243 Points)
Replied 09 October 2017

In case of purchase below 5000 no need to pay tax, RCM under Section 9(4) doesn't applies

RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 09 October 2017

Originally posted by : CA Ritesh Gyanchandani
	In case of purchase below 5000 no need to pay tax, RCM under Section 9(4) doesn't applies

Yes....

Fully Agreed....

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Rudrayani Shedjale (Assistant Accountant) (751 Points)
Replied 09 October 2017

we have paid labour charges which are above Rs.5000/- to un registered labour contractor.

RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 09 October 2017

Originally posted by : Rudrayani Shedjale
	we have paid labour charges which are above Rs.5000/- to un registered labour contractor.

Yes...

You ll be pay tax under RCM basis for the month of September 2017...

sajid (Auditor) (214 Points)
Replied 09 October 2017

If Mr. A, Composition Dealer purchased goods from Another Composition dealer Mr.B. Mr. A is trader and he is liable to pay a tax of 1% on his turnover. But, Mr. A has to pay the tax on Reverse CM for his purchased from Composition Dealer? Please reply.

RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 09 October 2017

@ Sajid.,

Your said transactions is CD to CD... Also both are registered dealer under GST...
Then,
How is applicable RCM...?
Which situation is in RCM come into forced above...?

sundar velayutham (37 Points)
Replied 09 October 2017

Yes it is not applicable rcm in this case

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CA Ritesh Gyanchandani (1243 Points)
Replied 10 October 2017

RCM applies on paid or payable basis. You can make the entry in your books of accounts for a date before the date of payment breaking the amount as the invoice is not required if the amount is below 5000 and then even if you make payment on a day it doesn't matters as it was payable which is below 5000 for more than 1 day and you can make the payment on a particular day.

CA Ritesh Gyanchandani (1243 Points)
Replied 10 October 2017

RCM only applies in 9(3) and 9(4) cases of CGST act,2017 and also under 5(3) and 5(4 ) of IGST act, 2017. In your case both the parties are reg. so this does not attracts the provisions of RCM.