19 August 2017
i have purchase goods from unregistered person around 1486129 value and gst @ 5% 74306 rs value. outward supply 1600759 /- gst @ 5% 80038 . pls suggest me what will be tax liability in july month. can i claim itc of reverse charge goods or not pls tell me......
19 August 2017
No the tax payable=tax payable under RCM+(out put tax payable-itc) Tax payable=74306+(80038-74306) Tax payable=80038.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
19 August 2017
I have an old stock up to 30 June around 35 lac all stock purchase from Unregistered person(farmar) 3 % tax in that time now has been increased by 5% than how to adjustment of stock nd pay tax . is it reflected 3B return or not