Go AD-Free with CAclubindia Pro and Daily Mobile Updates. Subscribe Now!

This gst ???

gopal (future smart stupid) (293 Points)

17 August 2017

So my company is getting many invoices in which GST is levied but our GST no. is not mentioned...

Our name and address is mentioned properly .

So what shold be solution... Are we required to pay RCM GST. or we should just take it as an expense.

Revise invoice is not possible..

Reply
Follow
Share

4 Replies

upasana gupta (Finance Professional) (3931 Points)
Replied 17 August 2017

Revising inovice is the only legal option as RCM is not applicable no every situation there is a list of specific situation on which RCM is applicable and how can you consider them as simple expenses and escape from GST.You can not do any of the above option you stated above.

Sonu Kumar (Account Manager) (665 Points)
Replied 17 August 2017

HSN code and GST Number of Supplier and Buyer is Must on Invoice........ if there is no GST number of Buyer on Invoice then Send the GST Number to Supplier,,,,,,

Vinay Garg (Student cum businessman cum professional) (859 Points)
Replied 17 August 2017

Since you are purchasing goods from registered suppliers, RCM is not applicable.

Further, You wont be eligible to take ITC of gst paid on purchases because your GSTIN is not mentioned in your purchase invoice. Such gst paid will be considered as cost of purchase in your books of accounts.

1 Like