how AND WHERE
to show purchase from urd on which RCM APPLY IN RETURN ?
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PURCHASE FROM URD(postponed RCM)
Replies (5)
No RCM is applicable for supply from URD as deferred to 30/6/18 (Noti 10/2018 CT (R))
Supplies from URD treated as Exempted
In GSTr 3b show it under table 5
Supplies from URD treated as Exempted
In GSTr 3b show it under table 5
you can disclose in Table 3.1(d): Inward supplies liable to reverse charge in Form GSTR-3B if there is any tax laibility.
Since there is no tax on URD procurements now, you can disclose in Table 5.
and what if i sale those goods which i purchased from URD ?should i pay tax?
If you are registered taxable person (aggregare turnover morethan ₹20 Lakhs) then you have to collect tax from your customer by issuing tax invoice and pay to the government.
Yes....
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