Rcm of goods purchased from outside india

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9 Points Posted on 29 March 2020
if any goods purchased by a un registered dealer from outside india what is the impact on gst
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On 29 March 2020 at 15:52 Report
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Quick Summary
If an unregistered dealer in India purchases goods from overseas, they are liable to pay Goods and Services Tax (GST) at the point of customs clearance. Crucially, because they are not registered for GST, these dealers cannot claim Input Tax Credit (ITC) for the GST paid on these imports. This means the GST paid becomes a direct cost to the business.

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"Do the Right Thing...!!!"
128157 Points Posted on 29 March 2020
Purchasing with paying GST through customs clearance...
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On 29 March 2020 at 15:59
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Consultant
1891 Points Posted on 29 March 2020

The unregistered dealer have to pay GST at the time of clearance of goods from the customs. 

Being an unregistered dealer, he wont be able to take ITC of the GST paid. 

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On 29 March 2020 at 17:11

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