Supplies are procured from inter state from urd
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 August 2017
Dear experts,
What will be the impact if supplies are procured from inter state from Unregistered person. Whether we a receipent would be liable for GST under RCM ? & What type of GST will be applicable ?
Urgently please.
What will be the impact if supplies are procured from inter state from Unregistered person. Whether we a receipent would be liable for GST under RCM ? & What type of GST will be applicable ?
Urgently please.
05 August 2017
in first place, the seller selling inter state goods, has to take compulsary registration.
If he is not regd, RCM is applicable on registered receiver.IGST will be booked.
If he is not regd, RCM is applicable on registered receiver.IGST will be booked.
Message likes :
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Studentsca
(Expert)
05 August 2017
Interstate transaction cannot take place unless the seller is registered.
IGST will be levied on the value of supply.
Question of RCM does not arise.
IGST will be levied on the value of supply.
Question of RCM does not arise.
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