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???
Menu
Reverse charge mechanism
Replies (7)
Quick Summary
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
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
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
Is it sufficient to issue payment voucher as of now??
That's sufficient for now
Yes it is
Thank you
No rcm
Recent Topics :
- Guidance Required on Filing Fresh Registration und
- IT Return Refund Status AY 2026-27
- Clarification Regarding Income Tax Demand Notice
- Online PAN Download: Check How?
- Demand of Late fee/Interest under section 75 of GS
- DSC registration on TRACES portal
- Can we get registered for MCA if we get a Virtual
- DONATION PAYMENT REG
- GST IDS Refund – Statement 01A: Invoice Not
- TDS deposit code & TDS return
Related Topics :
CAclubindia
