reverse charge

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Namit (Querist)
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03 September 2017 reverse charge invoice in GST Total Replies : 0 Namit 01 September 2017A person is registered dealer under GST dealing in gold jewelry, he makes jewellery from unregistered karigar and pays him labour charges. In this case, how will he raise invoice of reverse charge I.e. by raising purchase bill on himself or by raising sales bill on himself ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 September 2017 By raising purchase invoice himself. Fill in gstr-2.

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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03 September 2017 Prepare Self URD Purchase invoice of Service for that Labour Charge and Pay RCM after calculating daily Limit of 5K at end of the month.

Namit

Namit (Querist)
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03 September 2017 thank you but URD purchase invoice to be prepared on the date of receiving service or at the end of the month ?

Namit

Namit (Querist)
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03 September 2017 If the labour charges for the day is Rs.7,000/- than is he required to reverse charge GST on Rs.7,000/-

Namit

Namit (Querist)
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03 September 2017 or Rs.2,000/- I.e.7000-5000 exemption

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 September 2017 Prepare invoice on date of receipt of service. GST applicable on entire 7000.

Namit

Namit (Querist)
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03 September 2017 Thank you seetharaman sir but I have read somewhere that you have to prepare one consolidated bill on self for services received from unregistered dealers during the month

Namit

Namit (Querist)
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03 September 2017 is it correct ?

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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04 September 2017 No it is not correct. whenever goods or service or both supply invoice have to be created and service taking from single for continuation work then invoice will be raised after completing work so if work complete at the end of the month then invoice also prepared in the end.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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04 September 2017 Yes you are right a consolidated monthly bill can be issued.

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