banner_ad

Reverse charge mechanism

328 views 7 replies
User Avatar

Associate consultant at Infosys Ltd Hyd
8 Points Joined October 2020
Is registered buyer required to pay tax under RCM in case of purchase of waste plastic bags from an unregistered supplier????
Which document does the registered buyer should generate in respect of such transaction???
0 Reply Share Follow
On 18 October 2020 at 11:35 Report
Replies (7)
User Avatar

Tax consultant
5895 Points Joined September 2020
Read section 9 (4) of the CGST/SGST ACT AND SECTION 5 IN CASE OF IGST ACT FOR PURCHASE FROM UNREGISTERED SUPPLIER AND ITS RCM
Reply
On 18 October 2020 at 12:51
User Avatar

197 Points Joined July 2017
No till now registered assessee is not liable to pay GST under reverse charge as per section 9(4)
and when such goods or service will be notified buyer is suppose to generate tax invoice as per section 31 for inward supply from unregistered suppliers to avail itc
Reply
On 18 October 2020 at 13:02
User Avatar

Associate consultant at Infosys Ltd Hyd
8 Points Joined October 2020
Is it sufficient to issue payment voucher as of now??
Reply
On 18 October 2020 at 13:18
User Avatar

197 Points Joined July 2017
That's sufficient for now
Reply
On 18 October 2020 at 13:20
User Avatar

Tax consultant
5895 Points Joined September 2020
Yes it is
Reply
On 18 October 2020 at 13:21
User Avatar

Associate consultant at Infosys Ltd Hyd
8 Points Joined October 2020
Thank you
Reply
On 18 October 2020 at 14:07
User Avatar

Account Supervisor
129 Points Joined December 2011
No rcm
Reply
On 18 October 2020 at 23:22

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details