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unregistered purchase

Dipesh Sharma (36 Points)

20 September 2018

unregistered se purchase karane m RCM lagega kya Maine 90000 ka good purchase keya hai to ab m kya karu

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Deepak Gupta (CA Student) (15922 Points)
Replied 20 September 2018

Unregistered Purchase par RCM nahi lagega.
- N.N. 22/2018-Central Tax (Rate) ,dt. 06-08-2018

Philhaal 30.09.19 tak exempt hai.

GSTR-3B mein exempt supply mein report kijiye.

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CA Mohammed Khalandar (Practicing Chartered Accountant) (203 Points)
Replied 20 September 2018

Dear Sir,

Notification No.8/2017-Central Tax (Rate) :

1. Exempts RCM in case Registerd dealer purchases from Unregisterd Dealer.

2. The above exemption shall not be applicable where the aggregate value of such supplies of goods or service or both received by a registered person from any or all the suppliers, who is or are not registered, exceeds five thousand rupees in a day.

The above notification is extended till 30/09/2019 via Not No. 22/2018

Thanks

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Deepak Gupta (CA Student) (15922 Points)
Replied 20 September 2018

Proviso in para 1 of NN 8/2017-Central Tax (Rate), dt. 28.06.17

“Provided that the said exemption shall not be applicable where the aggregate value of such supplies of goods or service or both received by a registered person from any or all the suppliers, who is or are not registered, exceeds five thousand rupees in a day”

The aforesaid proviso has been removed vide N.N. 38/2017 – Central Tax (Rate), dt. 13.10.2017

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