Sir,
We received a bill from unregistered works contractor worth Rs 10 lakh without GST. He is claiming that his turn over is below 20 lakh and need not to registered under GST. Whether we require to ask him for a declaration regarding his annual turn over or charge GST in RCM method ? plz suggest.
RCM not applicable....
Also no need declaration from the contractor.
| Originally posted by : Amit | ||
 |
refer Section 9(4) to CGST Act / Section 5(4) of IGST Act] |  |
Dear Mr. Amit.,
Thank you for the reference...
But.,
What about the under Section 9(4) of the CGST Act, 2017/ Section 5(4) of the IGST Act, 2017 in CURRENT SITUATION...?
First, you ensure that you are registered dealer or not. Secondly, do you want to take input credit of tax on Bill Amount, if yes then you require to issue taxable invoice on its own.
"This was also a setback to the URD’s whose turnover limit doesn’t exceed 20 Lakhs thereby not legally required to get registration. In order to run there business they will have to get themselves registered under GST voluntarily otherwise no registered Dealer would dealt with them in any way."
@ Raja P M sir ,finally I have to make a entry without GST by deducting TDS...OK
| Originally posted by : Sunil Kumar Mallia | ||
|
@ Raja P M sir ,finally I have to make a entry without GST by deducting TDS...OK | |
Yes... You can as per Your view...
Note :
The sec 9(4) of CGST act related RCM is applicable from 01/07/2017 to 12/10/2017. In the said periods You must pay RCM tax if you are received from URD.
| Originally posted by : Amit | ||
|
thank you.....sir....pointing out my error | |
Nothing to worry My Dear Amit...
It's common...
>>> GOOD LUCK DEAR <<<
Thanks a lot sir.......
| Originally posted by : Sunil Kumar Mallia | ||
|
Thanks a lot sir....... | |
It's my Pleasure Dear 
CAclubindia
