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PURCHASE FROM URD AND SALE TO RD.

Anshul (nothing) (103 Points)

31 May 2018

what will be the consequences and how n where to show purchase from urd and sale to rd in return ?

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5 Replies

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 31 May 2018

IN GSTR_3B

sales to registered shown in

3.1 Details of Outward Supplies and inward supplies liable to reverse charge

(a) Outward taxable supplies (other than zero rated, nil rated and exempted)

purchase from unregistered dealer and if it is inter state

3.2 Of the supplies shown in 3.1 (a), details of inter-state supplies made to unregistered persons, composition taxable person and UIN holders

Anshul (nothing) (103 Points)
Replied 31 May 2018

I am asking to sale to rd about same goods which i purchased from urd?

Pankaj Rawat (GST Practitioner) (55037 Points)
Replied 31 May 2018

Purchase from URD : Exempted purchase

Sale to RD :. Taxable Sale (charge GST)

Anshul (nothing) (103 Points)
Replied 31 May 2018

there is no any notification by dept that taxable goods purchased from urd is exempt ...it is not like that....

Pankaj Rawat (GST Practitioner) (55037 Points)
Replied 31 May 2018

Mr Anshul

Kindly refer Notification 8 /2017 CT (r) ,. .. As upto 5000/- Supply from URD was exempted , so when it was deferred by Notification 33/2017 , its understandable that any supply from URD is Exempted

It's better ,..read these notifications carefully