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can purchase from unregistered , if purchase hava any penal actions?
can purchase from unregistered , if purchase hava any penal actions?
Replies (2)
Yes, you can purchase from an unregistered person. You only have to pay the tax on reverse charge basis of which you can take the credit.
No more penal action. Just you fall under RCM.
If you can't pay tax under RCM also can't book it to accounts.... and it's reflect ITR
If you can't pay tax under RCM also can't book it to accounts.... and it's reflect ITR
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