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RCM on unregistered purchase
do i have to pay tax on every exp. (stationery etc.) daily incurred from unregistered dealer under RCM and if so, then do i have to raise invoice under RCM on myself
Replies (2)
if u r an unregistered person..... purchasing from unregistered dealer i.e. as an ultimate consumer then no rcm will be aplicable
recipient does not issue invoice. but a registered person will have to pay gst as per rcm on the expenses like rent or stationary as a recipient to avail the benefit of ITC and to show the expenses incurred in P/L a/c.
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