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reverse charge

RCM 283 views 5 replies
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TEACHING
31 Points Posted on 06 August 2017
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???
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On 06 August 2017 at 23:37 Report
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70 Points Posted on 06 August 2017
yes u have to pay if bill amount is more than 5000
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On 06 August 2017 at 23:55
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Accountant
1037 Points Posted on 07 August 2017
Yes, you have to pay if your total purchase from unregistered on that day exceeds Rs. 5000
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On 07 August 2017 at 00:32
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20 Points Posted on 07 August 2017
can he take the Input on such GST paid Under such reverse charge?
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On 07 August 2017 at 00:52
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Accountant
1037 Points Posted on 07 August 2017
Yes, he can. But not if he is a composition dealer
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On 07 August 2017 at 01:16
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Sr. Manager (Taxation)
43 Points Posted on 07 August 2017
yes need to pay rcm as per section 9(4) of cgst act if payment is more than 5000 for the day
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On 07 August 2017 at 04:21


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