05 April 2021
SIR- I am a trader registered under GST. I plan to buy a material from Unregistered Person for Rs.43,800/-. Actually, He had purchased that material in the last year with gst invoice (18%) for his own use and he had paid Rs.41,570/- including GST Rs.6,342/-. Now he is ready to sell it with some margin i.e Rs.41,570 + 2500 = Rs. 43,570/-.
In case if I buy it, Should I pay GST on Rs.43,800/- (i.e) Rs. 7,884/- at the time of my sale?