mukesh kumar shaw (computer oprator/accoutns) (31 Points)
14 July 2017is reverse charge mechanism applicable for all type of purchase of goods or services from unregistered dealer
mukesh kumar shaw
(computer oprator/accoutns)
(31 Points)
Replied 14 July 2017
Lavit Modi
(31 Points)
Replied 14 July 2017
Faraz
(Student)
(236 Points)
Replied 14 July 2017
Where a registered person is receiving intra state taxable supplies (goods or services) from an unregistered person and the value of such supplies from one or more such unregistered persons exceeds 5000, tax shall be payable on such supplies under RCM i.e sec 9(4). He will issue tax invoice to himself (sec 31(3)(f)), a payment voucher to supplier (sec 31(3)(g)) and book CCR for the tax paid (sec 16(1))
This exemption is not applicable on inter state supplies from unregistered dealer.
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