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​GST on purchases from unregistered purchases

Goods and Services Tax - GST - By: - Naimish Padhiar - Dated:- 2-8-2017 Last Replied Date:- 9-8-2017 - Reverse Charge Mechanism under GST and implications of exemption upto ₹ 5000 per day Let s look at .....

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8c6650c0-4431-480b-b082-f69d459c5657 id= 80cf4715-fe00-4760-8812-85f4e73c3f67 > - Sec 9

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d from Goods Transport Agency, Lawyer, government, corporate sponsorship, director etc. Reverse Charge if the supplier is unregistered - Sec 9

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ent as if he is the person liable for paying the tax in relation to the supply of such goods or services or both. Central Government had come up with an exemption to the small miscellaneous transactions from .....

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bcd-8d84-5b2d28c92f06 >Central Government has exempted intra- State supplies of goods or services or both received by a registered person from any supplier, who is not registered,

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of the Central Goods and Services Tax Act, 2017 (12 of 2017) The said exemption shall not be applicable where the aggregate value of such supplies of goods or service or both received by a registered person from any or all the suppliers, who is or are not registered, exceeds five thousand rupees in a day. To sum up, the supply should be

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_software_uiphraseguid= fe331370-4ce9-404e-ab8a-5c777f8a6156 id= f7d80fc0-38a7-485f-940d-b536654f635b >upto a daily limit of ₹ 5000/- Example:- Mr. X purchased following items from unregistered dealer, all are dated 01.07.2017 as

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covered under this notification as aggregate value of all supplies exceeds 5000/- on a single date (01.07.2017)

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f54c6-e44a-48b7-a681-69e658730a39 id= dd3da4a7-85b3-490e-bf9f-7ece18418386 >5000/- day limit, say bill date of Ram is 02.07.2017) 2) Any of the bills are 1000/- less than the mentioned value(Say Bil .....

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bf >other person (say, one of the bill is in the name of Mr. Y) FAQ s Whether these 5000 limit be availed for those cases where compulsory tax is payable

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5ff-cca5abfb4a1f id= 087b86d0-0e5f-4321-b3b3-a0b137d5931f >(3) of CGST act? Where Compulsory tax is to be paid under the Reverse Charge Mechanism under 9

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t cannot be availed. Reason being these notification cover only cases of 9

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from unregistered dealer, all are dated 01.07.2017 as under: 1st bill - From Ram: Stationery = 2000/- 2nd bill - From Shyam: Lunch = 1000/- 3rd bill - From Madhu: Goods Transport Agency = 3000/- In this case, .....

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ge is payable u/s 9(3) without any exemption threshold. Whether this daily limit benefits would be available if the goods/services received from persons covered under 9

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ST payable over and above the value or from rupee 1? If the value of taxable supplies exceeds ₹ 5000 per day for all suppliers, then GST would be payable on the Total value of the supplies received from unregistered persons.

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purchased following items from unregistered dealer, all are dated 01.07.2017 as under: 1st bill - From Ram: Stationery = 2000/- 2nd bill - From Shyam: Hotel Room = 1000/- 3rd bill - From Madhu: Books = 3000/ .....

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m booking are exempt under Entry 14 of the exemption notification (12/2017). What if the supplies are procured from Interstate supply from unregistered? Benefit of this notification is available only for Intr .....

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c17858aa9 >schedules rate of the product/service. What if procured from Composition persons? Since Composition persons are registered person, reverse charge is not applicable on such supplies. Can credit be availed for these taxes paid and on what basis, any invoice issue requirement? Credits can be availed on payment of GST in cash. A consolidate .....

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-f667-42a1-b518-cf75aac8907f >as the time of supply is invoice of payment whichever is earlier. We have compiled the daily expenses which would be liable to GST if procured from unregistered supplier

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3 Bank Interest 0% Out of GST 4 Professional Tax 0% Tax levied by local body / other association out of GST 5 License renewal like Pollution, Factories & Boilers & Local Bodies 0%

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gs class= GINGER_SOFTWARE_mark ginger_software_uiphraseguid= 4d35a073-af49-4cab-af40-71321a9211b9 id= 778453f1-92fa-4c69-a264-1b12bb5a0073 >Tax levied by local body / other association out of GST 7 Rent Deposits 0% If adjusted with rent or forfeited - GST applicable 8 Other Deposits 0% If adjusted with other expenses or forfeited - GST applicable 9 Petrol Expense 0% Petrol & Diesel out of GST 10 Salary 0% Out of GST 11 Staff Amenities 0% Out of GST if in lieu of salary. 12 Gifts to .....

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81-9017-dd7f40a251c8 >dedution shall be allowed 17 Bad Debts Written Off 0% No credit / dedution shall be allowed 18 Warranty Labour Charges 0% If there

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bour Welfare Fund Contribution 0% Out of GST 21 Staff Medical Expenses 0% Exployee service without any margin 22 Fine & Penalities by Government 0% Out of GST 23 Discounts - shown

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ginger_software_uiphraseguid= 914ea0b6-d49b-435f-8bff-f72c3a436837 id= b79d939c-5307-4ace-a1f5-7cb5e69e089f >if shown in the bill 24 Free Gifts, Gold Coin to Customers 0% 25 Interest on Service Tax/ TDS 0% 26 Interest on Vehicle Loan 0% 27 Interest Others 0% 28 Local Conveyance 0% 29 Transportation Charges - Non GTA / Trucks 0% GST Applicable &am .....

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le / RCM supply of URD :- 34 Advertisement Charges 18% 35 Advetisement in Magazine, 18% 36

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uid= f9d1c9eb-4ff6-4a1f-9647-3cc2793964ea id= d2fedb83-1355-4bd5-8d44-9ff863b3f863 >Brocker Fee & Charges 18% 41 Call Centre Expense 18% 42 Constomer Schemes by MSIL 18% 43 Construction Work 18% GST amount - no ITC - for immovable property (Building) 44 Consumables Paint material & Other Consumables 28% 45 Customer Welfare expense 18% Food .....

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