is reverse charge mechanism applicable for all type of purchase of goods or services from unregistered dealer
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GST for purchase from unregistered dealer
Replies (8)
there is exemption of rs 5000 0
per day
per day
5000/- or 50000/-
5000 per day
is applicable on all type of purchase like spares. repairs.stationary..
it is exempted upto 5000/- per day from one or more persons
i.e it can be of 5000/- from 1 person or of 1000/- from 5 persons
i.e it can be of 5000/- from 1 person or of 1000/- from 5 persons
5000 per day from all unregistered dealers
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.
rate of % of gst. is it 18% or hsn code wise?
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