ANMOL AGRAWAL (14 Points)
18 June 2019
Sunil
(CA)
(185 Points)
Replied 18 June 2019
You have to show it under Table 5 (From a supplier under composition scheme....)
Sunil
(CA)
(185 Points)
Replied 18 June 2019
Depends up-on from whom you are buying..if buying from a un-registered person, GST will not be there. If you are buying from a registered person, GST will be applicable if the Sale value is more than the book value of the seller.
CA Mayank A Jain
(Chartered Accountant in Practice)
(1260 Points)
Replied 18 June 2019
Ajay Gupta
(PRACTICING CHARTERED ACCOUNTANT)
(196 Points)
Replied 19 June 2019
Purchase from unregistered dealers up to Rs 5,000 (per day) will not attract GST. And such purchase need not to be mentioned anywhere in GSTR-3B.
RCM (Reverse charge) applies on purchases above Rs 5,000 in aggregate from unregistered dealers in a single day.
CA Mayank A Jain
(Chartered Accountant in Practice)
(1260 Points)
Replied 19 June 2019
Ajay Gupta
(PRACTICING CHARTERED ACCOUNTANT)
(196 Points)
Replied 19 June 2019
My bad - Thanks for the correction mate.
Corrected reply
Purchase from unregistered dealers need not to be mentioned anywhere in GSTR-3B.
Reverse Charge Mechanism (in case of supplies made by unregistered persons to registered persons) will apply, starting from 1st Feb 2019, only on specified goods/services and specified persons.
The list of persons or items subject to the provisions is yet to be notified.
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