@ Hemant.,
You can treat as purchase if the goods are your trading/mfg. Also it's some others is to treat your expenses only then you can treat as Expenditure account....
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Purchase from unregistered dealer
Replies (29)
@ Hemant.,
You can treat as purchase if the goods are your trading/mfg. Also it's some others is to treat your expenses only then you can treat as Expenditure account....
You can treat as purchase if the goods are your trading/mfg. Also it's some others is to treat your expenses only then you can treat as Expenditure account....
The item here is tobacco leaves purchased from farmers and brought via trucks. Should I apply 5% on purchases by making a bill or only apply 5% on my sales. Will I get input for gst paid on purchases via rcm. Please clarify.
| Originally posted by : Sumit Shah | ||
 |
The item here is tobacco leaves purchased from farmers and brought via trucks. Should I apply 5% on purchases by making a bill or only apply 5% on my sales. Will I get input for gst paid on purchases via rcm. Please clarify. |  |
If you pay under RCM basis. Then you can get reverse/ITC....
Purchased leaves then Sale is Same leaves....?
@ Raja P M .... Kindly refer section 31(3)(f).. (f) a registered person who is liable to pay tax under sub-section (3) or
sub-section (4) of section 9 shall issue an invoice in respect of goods or services or
both received by him from the supplier who is not registered on the date of receipt of
goods or services or both;
It clearly mention that registered person shall issue invoice
Yes sale is also leaves
@ Sumit.,
Yes you can...
First you pay the tax under RCM. Then you ll be get/reverse it ITC
Dear Sir
Our Company is in SEZ Area when ever we are purchasing from unregistered dealer they are not giving proper invoice ..in that situation what will have to do...
Gauri Shankar Jha
Sir little doubt in GSTR3B fORM 5th table Can u please clarify
5. Values of exempt, nil-rated and non-GST inward supplies
Our monthly tea expenses is around Rs.700-1000 from unregistered person and we pay it by cheque. So do i have to show this amount in 5th table i.e. 1.From a supplier under composition scheme, Exempt and Nil rated supply?.
Also payment of electricity is done through NEFT. Do this amount i have to show under 2.Non gst supplly?
@ Mahesh Jain.,
You don't want show above said expenses in GSTR 3B and anywhere except Income Tax and GSt Audit
I have a query
If I am paying gst on RCM
Can I claim that credit in the current month or in the next month
I have a query
If I am paying gst on RCM
Can I claim that credit in the current month or in the next month
Next month
RCM to be paid by cash and could be adjusted as ITC in July itself.
| Originally posted by : Srinivasan Chokkanathan | ||
|
RCM to be paid by cash and could be adjusted as ITC in July itself. | |
If you paid on July (01/07 to 31/07) then you ll be adjusted on return date. If you paid after July don't adjust it for July'ss returns...
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