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Gst on purchase of machine from unregd. dealer

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Chetan

Professional

21 Points Posted on 12 July 2019

Scenario: A Registered Person is buying a machine (worth 10 Lakhs) from an Unregd. Person situated in Location A in India, This machine has to be transported to another location B in India and from there this machine would be exported (as a Sale) out of India.

Question: In the above scenario,

1.Should the Regd. Person raise a self invoice under RCM for the purchase of Machinery

2.For transportation within India how should the eWay bill be raised.

3. For the RCM, if Paid, can the credit be taken in the registered person's account and then can a refund be claimed in full, as this person is involved in Exports only.

Thanks!

Replies (1)

Shivam RC

Student

7666 Points Posted on 12 October 2019

FOR INFORMATION PURPOSE ONLY :

Filing of Annual Return ( GSTR-9 ) has been made "OPTIONAL" for Taxpayers whose Aggregate Turnover is upto Rs. 2 crore. Notification No. 47/2019 - CT, dated 09.10.2019 has been issued to give effect the above decision.

So if your Aggregate Turnover is upto Rs. 2 crore, then it is optional from your part to file Annual Return for FY 2017-18 and FY 2018-19.

And if you want to file Annual Return, then the due date to file FORM GSTR-9 for FY 2017-18 is " 30.11.2019. "