Menu
reverse charge
I purchased fixed assets from unregistered dealers. am I liable to pay GST on reverse charged basis? in this case reverse charge applicable or not???
Replies (5)
yes u have to pay if bill amount is more than 5000
Yes, you have to pay if your total purchase from unregistered on that day exceeds Rs. 5000
can he take the Input on such GST paid Under such reverse charge?
Yes, he can. But not if he is a composition dealer
yes need to pay rcm as per section 9(4) of cgst act if payment is more than 5000 for the day
Recent Threads
- Time allowed to buy another asset
- ITR not processed for the FY 2024-25
- Gift of money to my wife.
- Tax Audit If you show Loss
- GST Tax invoice Value Rs..234000
- Can I claim benefit under 54F if I sell my equity
- Income tax refund 25/26
- Who is responsible for paying GST Liability (If th
- Excess Payment on RCM
- AOC4 auto population of previous year data
Related Threads
CAclubindia
