A registered person purchased goods from unregistered person. the total value of goods under ₹5000 per day.
How to issue invoice of the goods purchased from unregistered person?
Should it be issued with GST rate or under exempt goods?
Pls let me know asap
thanks
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Purchased from unregistered dealer
Replies (3)
Should it be issued with GST rate or under exempt goods?
Sale with GST Tax if the said goods are taxable under GST.
Sale with GST Tax if the said goods are taxable under GST.
Section 9(4) of the CGST Act 2017 has been amended by the CGST Amendment Act 2018. Now RCM on purchase from Unregistered Dealer has been made only on "SPECIFIED GOODS".
So if your goods is a specified Goods, then only Section 9(4) will be attracted.
So if your goods is a specified Goods, then only Section 9(4) will be attracted.
What do you mean specified Good's
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