transaction between URD to URD
This query is : Resolved
07 July 2017
Dear experts,
Can you tell me what's the effect on transaction made between unregistered person to unregistered person tell me in both point of view and what the consequence if dealer not pay liability under RCM
Message likes :
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07 July 2017
But I read receiver have to get registration and pay gst is this right?
07 July 2017
Yes.,
Receiver/Buyer is Registered in this Case. Buyer pay GST under RCM...
07 July 2017
Interest and Penalty ll be raised on the day of transaction booking
07 July 2017
The registered Buyer also book his purchase in accounts and return....
07 July 2017
Sir both is unregistered buyer and seller then no body file return?
07 July 2017
* But I read receiver have to get registration and pay gst is this right?
* If buyer not pay then what liability arise
* How can department trace that transaction?
** The registered Buyer also book his purchase in accounts and return....
* If buyer not pay then what liability arise
* How can department trace that transaction?
** The registered Buyer also book his purchase in accounts and return....
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