Purchase under reverse charge

Page no : 2

RAJA P M ("Do the Right Thing...!!!") (127817 Points)
Replied 27 October 2017

Originally posted by : rahil mehdi
	Hi guys I'm new here,,, I would like to know what is RSM and how it works,,, and when it is to be done,,, would anybody help,,,, even you guys can share link of that article where there is all information exists Will be thankful to you guys

Refer the link.... You can get some clarity

https://cleartax.in/s/reverse-charge-gst

https://tallysolutions.com/gst/reverse-charge-mechanism-in-gst/

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Mayank Mishra (Entrepreneur) (94 Points)
Replied 27 October 2017

hey there.. juz wanna know is there any libality charge on me if i purchase exempt commodity (cattle feed HSN 2309) from unregistered dealer?? Also, is there any limit on the invoice amount while i am paying him in cash?

RAJA P M ("Do the Right Thing...!!!") (127817 Points)
Replied 27 October 2017

Originally posted by : Mayank Mishra
	hey there.. juz wanna know is there any libality charge on me if i purchase exempt commodity (cattle feed HSN 2309) from unregistered dealer?? Also, is there any limit on the invoice amount while i am paying him in cash?

No more Tax liability if purchase Excempt supplies under GST...

Under Income Tax Cash Transaction related law is applicable...

Mayank Mishra (Entrepreneur) (94 Points)
Replied 27 October 2017

Originally posted by : RAJA P M
	Originally posted by : Mayank Mishra hey there.. juz wanna know is there any libality charge on me if i purchase exempt commodity (cattle feed HSN 2309) from unregistered dealer?? Also, is there any limit on the invoice amount while i am paying him in cash? No more Tax liability if purchase Excempt supplies under GST... Under Income Tax Cash Transaction related law is applicable...