Goods and Services Tax – Started By: – Sivakumar Palanisamy – Dated:- 16-10-2017 Last Replied Date:- 18-10-2017 – Dear sir/madam,This is sivakumar.i am starting very small business with GST registered. I am going to buy some furniture and computers for my business. I don't have enough knowledge about GST. so could you please explain me that am I allowed to get tax revers whichever I am going to pay to the vendor. Because my business is not yet open but works are under process. If you don't mind can anyone send a chart of the products that we can revers the tax. Thanks & Regards Sivakumar – Reply By MARIAPPAN GOVINDARAJAN – The Reply = You say you have not yet started. Your annual transactions will not cross ₹ 20 lakhs. So
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e about the tax reverse but my auditor told me that there is some procedure to reclaim the tax which we paid to third party vendor. Finally I am confused and I did not learn anything from your reply. You are a experience person I hope and you should have asked different way if you are not understanding my message. Anyway once again thank you for your reply. – Reply By MARIAPPAN GOVINDARAJAN – The Reply = There are some people registering voluntarily with GST. Your auditor is correct. But your version in this site is confusing. Your auditor says about taking input tax credit. In reverse charge system you have to pay tax on the supply received from the unregistered dealer which is kept abeyance till 31.03.2018. Since your auditor has advised
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