Purchase from URD

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..... So if we purchase from URD pay him via bank if the amount is below 5000, are we exempted from reverse charge ?? If a buyer of goods is also URD then is he exempted from paying reverse charge even bill cross above 5000 ?? Please elaborate - Reply By Rajagopalan Ranganathan - The Reply = Sir, If the turnover of both supplier and receiver of goods or services or both is less than 20 lakhs .....

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..... rupees they need not take a registration. Since the supplier is not a registered person he cannot issue a taxable invoice. As per Section 9 (4) of CGST Act, 2017 the central tax in respect of the supply of taxable goods or services or both by a supplier, who is not registered , to a registered person shall be paid by such person on reverse charge basis as the recipient and all the p .....

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..... rovisions of this Act shall apply to such recipient as if he is the person liable for paying the tax in relation to the supply of such goods or services or both. Therefore payment of central tax on reverse charge arises only when supply of goods or service or both are made by a supplier, who is not registered, to a registered person . If both the supplier and receiver of goods or service .....

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..... s or both are unregistered then the question of payment of central tax on reverse charge basis does not arise. - Reply By Kishan Barai - The Reply = Thanks for your reply, If we are Registered if we purchase from URD pay him via bank if the amount is below 5000, are we exempted from reverse charge ?? - Purchase from URD - Query Started By: - Kishan Barai Dated:- 4-7-2017 Goods an .....

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..... d Services Tax - GST - Got 2 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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