Purchase under reverse charge

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/

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?

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...

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...

that we cant pay more then 20,000 INR cash in one go..we have to divide whole amount in multiple transcation..?

The 20000 reduced to 10000.....

And Cash  Bill value Above Rs. 2 lakhs sec 269ST is applicable...