Purchase from URD
Query (Issue) Started By: – Kishan Barai Dated:- 4-7-2017 Last Reply Date:- 4-7-2017 Goods and Services Tax – GST
Got 2 Replies
GST
So if we purchase from URD & pay him via bank & if the amount is below 5000, are we exempted from reverse charge ??
\nIf a buyer of goods is also URD then is he exempted from paying reverse charge even bill cross above 5000 ??
\nPlease elaborate
\nReply By Rajagopalan Ranganathan:
\nThe Reply:
\nSir,
\nIf the turnover of both supplier and receiver of goods or services or both is less than 20 lakhs rupees they need not take a registration. Since the supplier is not a registered person he cannot issue a taxable invoice.
\nAs per Section 9 (4) of CGST Act, 2017 "the central tax in respe<\/p>\n
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