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Exemption
The Company Is availing services from Vendor, who has annual turnover of less than Rs 10 lakhs. what is the impact on Company under GST regime
Replies (2)
If the services are taxable and not exempt then the Company has to pay tax on reverse charge basis
Hello vaibhav
vendor is not required to get registration then company is required to deposit GST under the reverse charge mechanism.
Note- I am assuming that company is liable to get registrtion and services taken by company is not a exempted service.
vendor is not required to get registration then company is required to deposit GST under the reverse charge mechanism.
Note- I am assuming that company is liable to get registrtion and services taken by company is not a exempted service.
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