gst reg
This query is : Resolved
24 June 2017
I m mobile phone retailer and I have service center too.my business turnover is 17-18 lac per annum.
I am purchases mobile phones and accessories from other state. now my supplier asking me that if I did not reg with gst tax liability on my purchases arises on himself.
I am confused on whole matter so Plz ans me is it true or false. and one more thing as I have service centre is there any tax payble ?
24 June 2017
Yes supplier is right. If he sold to unregistered dealer (you if not registered) then he will have to pay tax under reverse charge mechanism. However same is allowed as credit to him.
Read more at: https://www.caclubindia.com/experts/gst-regn-2497864.asp
Read more at: https://www.caclubindia.com/experts/gst-regn-2497864.asp
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