Supply from unregistered person- gst impact
Aditi Jain (9 Points)
15 May 2024and for this self invoicing is mandatory, so how will the same be declared in gstr 1?
Aditi Jain (9 Points)
15 May 2024
Mohammed Nadeem Ansari
(99 Points)
Replied 15 May 2024
RAJA P M
("Do the Right Thing...!!!")
(128056 Points)
Replied 15 May 2024
CA Mayank A Jain
(Chartered Accountant in Practice)
(1260 Points)
Replied 15 May 2024
Not all procurement from unregistered persons are taxable under RCM. As on date only 2-3 goods/service (applicable to real estate industry) are taxable under RCM when procured from unregistered persons.
Aditi Jain
(9 Points)
Replied 16 May 2024
CA Mayank A Jain
(Chartered Accountant in Practice)
(1260 Points)
Replied 16 May 2024
No RCM is required to be paid even if designer services are procured from unregistered person.
Aditi Jain
(9 Points)
Replied 17 May 2024
CA Mayank A Jain
(Chartered Accountant in Practice)
(1260 Points)
Replied 17 May 2024
KINDLY REFER NOTIFICATION NO. 7/2019-CENTRAL TAX (RATE), DATED 29-3-2019 AS AMENDED BY NOTIFICATION NO. 24/2019-CENTRAL TAX (RATE), DATED 30-9-2019.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)