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Reverse Charge Mechanism
Is reverse charge applicable on opening stock?
Replies (5)
If purchased from unregistered applicable
otherwise not.
otherwise not.
Q. Suppose I purchased Rs. 10 lacs worth of goods from unregistered dealers in July 2017 month. I took my GST registration in August 2017 as my turnover exceeded Rs. 20 lacs in August 2017 only. Am I supposed to pay GST under reverse charge for the goods purchased prior to my registration?
reverse charge applicable on payment basic
if you was purchase from urd June and payment will issue august then rcm will applicable
if you was purchase from urd June and payment will issue august then rcm will applicable
Mr. Sunil kumar sharma,
I made payment to unregistered dealer in July(before registration).
I made payment to unregistered dealer in July(before registration).
i think rcm not applicable on opening stock
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