Sales / Reverse Charge
This query is : Resolved
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sankar ponnan
(Querist)
11 August 2020
Sir
I am an unregistered dealer buying goods from registered person with gst.
Q.No.(1): Can I sell the goods after adding margin with the invoice amount to an another unregistered person?
Q.No.(2):Can I sell the goods after adding margin with the invoice amount to a registered person?
If i do so, the receiver should pay gst ON THE TOTAL VALUE OF INVOICE under reverse charge?
If he paid GST under reverse charge, he is eligible for availing ITC?
clear my doubts
thanks in adv
I am an unregistered dealer buying goods from registered person with gst.
Q.No.(1): Can I sell the goods after adding margin with the invoice amount to an another unregistered person?
Q.No.(2):Can I sell the goods after adding margin with the invoice amount to a registered person?
If i do so, the receiver should pay gst ON THE TOTAL VALUE OF INVOICE under reverse charge?
If he paid GST under reverse charge, he is eligible for availing ITC?
clear my doubts
thanks in adv
CA R SEETHARAMAN
(Expert)
11 August 2020
1 yes.
2 yes.
3 Reverse charge not applicable.
ITC can be claimed on reverse charge paid.
2 yes.
3 Reverse charge not applicable.
ITC can be claimed on reverse charge paid.
Lekhraj sood
(Expert)
11 August 2020
Answer to 1 and 2 is Yes. RCM will not be applicable.Since there is no RCM applicable there is no question of availing ITC.
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