second hand good purchase

23 June 2018

if I purchase second hand good and further party don't have gst registration no. what should I do ?

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3 Replies

Rizwan (GST Practitioner) (178 Points)
Replied 23 June 2018

GST to be paid under RCM by registered person if purchase from unregistered person.

But RCM is deffered till 30th june 2018.So no rcm for now

Pankaj Rawat (GST Practitioner) (55062 Points)
Replied 23 June 2018

Any purchase from URD will be treated as exempted , till 30/06/2018

Vinod Babu (24196 Points)
Replied 24 June 2018

No RCM till 30th June 2018 for purchases from URD. You can prepare purchase inward supply bill for this and account it returns.

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