reverse charge

rameshkumarsah (TEACHING) (31 Points)

06 August 2017

I purchased fixed assets from unregistered dealers. am I liable to pay GST on reverse charged basis? in this case reverse charge applicable or not???

Reply
Follow
Share

5 Replies

Mukesh Burnwal (70 Points)
Replied 06 August 2017

yes u have to pay if bill amount is more than 5000

Kunal Pansari (Accountant) (1037 Points)
Replied 07 August 2017

Yes, you have to pay if your total purchase from unregistered on that day exceeds Rs. 5000

vuppala srikar (20 Points)
Replied 07 August 2017

can he take the Input on such GST paid Under such reverse charge?

Kunal Pansari (Accountant) (1037 Points)
Replied 07 August 2017

Yes, he can. But not if he is a composition dealer

Ranjit (Sr. Manager (Taxation)) (43 Points)
Replied 07 August 2017

yes need to pay rcm as per section 9(4) of cgst act if payment is more than 5000 for the day

Start a New Discussion