28 September 2020
1. A gst dealer purchases of goods 12%tax rate from another gst registered dealer.but seller gst tax rate 18%collected and billing.dealer input credit claimed tax rate 12 or 18 % applicable
2.non gst registered person sales turnover amount rs: 42 lacs shown in I t.return in 19-20.dealer not gst registered in gst act.my doubt if dealer new registration gst applied and gst new number received after previous year sales turnover amount rs: 42 lacs and April to August,2020 sales turnover amount gst tax payble compulsory turnover shown in gst returns.
28 September 2020
1.If seller charged 18% and you paid 18% to seller then you can take the credit of 18% as per section 16(1). 2. If your aggregate turnover in 19-20 is exceeding Rs.40 lakhs then you may get notice from the department to pay tax along with interest on Rs.2 lakhs.
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