Taxable item Tilli, souf, mustard seed, etc Urd purchase Applicable Rcm to
gstr 3b?
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Goods URD purchase
Replies (5)
No.... no RCM applicable.
Rcm conditions:
Rcm purchase amount from urd persons reverse charge attractive which column show in gstr 3b
ONE HAS TO KNOW IS APPLICABLE FOR WHOM. LET ME EXPLAIN
WHEN SUPPLY IS RECEIVED FROM REGISTERED PERSON OR BOTH BY A REGSITEERED PERSON FROM UNREGISTERED SUPPLIER ., IGST /CGST IS PAYABLE AS MAY BE NOTIFIED BY THE GOVT, FROM TIME TO TIMESERVICES LIKE ADVOCATE SERVICES, GOODS TRANSPORT AGENCY ,, INSURANCE AGENT SERVICES, IMPORT OF SERVICES .PERSONS WHO ARE LIABLE TO BE REGISTERED UNDER REVERSE CHARGE BASIS ARE REQUIRED TIO BE REGITERED , IRRESPECTIVE OF THE THRESHOLD LIMIT SPECIFIED UNDER SECTION 24(III) OF THE CGST ACT.THIS SECTION OVERRIDES SECTION 22 AND SECTION 23 OF CGST ACT .
INPUT TAX CREDIT ONLY AFTER PAYMENT IS MADE.
AS MR. GUPTA HAS RETERIATED THE SERVICE RECEPIENT HAS TO PREPARE TAX INVOICE AND SELECT SELF AS THE RCIPIENT. HE HAS TO PAY CGST . BUT SINCE THE PLACE OF SERVICES WILL BE SAME STATE . STATE WILL COLLECT GST.
If goods is taxable,if buyer is registered dealer.if Purchase from URP,
Buyer dealer issue an invoice for purchase.paid gst or deposit gst in the cash ledger before last date of that month.
Buyer dealer issue an invoice for purchase.paid gst or deposit gst in the cash ledger before last date of that month.
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