purchase MRP rpdocut from URD then GST is applicable

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..... purchase MRP rpdocut from URD then GST is applicable
Query (Issue) Started By: - jayesh thacker Dated:- 22-7-2017 Last Reply Date:- 23-7-2017 Goods and Services Tax - GST
Got 4 Replies
GST
I purchase some MRP Product like weffer, biscuits from URD, in this case rcm is applicable and gst exempt or payable Reply By MUKUND THAKKAR: The Reply: Your turnover is more than 20 lakhs than yo .....

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..... u have to pay under RCM if purchase from URD. if turnover is less than 20lakhs need not pay under RCM because transaction between URD to URD.. Reply By Rajagopalan Ranganathan: The Reply: Sir, Section 9 (4) of Central Goods and Service Tax Act, 2017 states that- 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 .....

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..... person shall be paid by such person on reverse charge basis as the recipient and all the provisions 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 GST is payable by you when you receive MRP Products like waffer, biscuits from URD. Reply By Ganeshan Kalyani: The Reply: Yes , section .....

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..... 9 (4) of CGST Act, 2017 states that a registered person shall pay tax under reverse charge on the purchases made by him from an unregistered dealer. Further there is not concept of MRP in GST. However, they are required as per legal meteorology act. Reply By vk agarwal: The Reply: there is an exemption on purchases from URD up to ₹ 5000/- per day taken together from all URDs
Discussio .....

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..... n Forum - Knowledge Sharing .....

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