rcm purchase clarification

    Posted By : Telugu / Published on : 17-Sep-2017 12:26 AM / View : 276 / Comment : 2
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    We request you to clarify the following. 1. When cotton ginners/merchants purchase kapas from Market Yard, they get number of bills from commission agents for their purchase. We are given to understand that the bills raised by the commission merchants are not GST invoices. Every day number of such purchase bills may range between 0-50. The question is that are they supposed to raise one self invoice (a) for the entire such purchases from Market Yard in a month/in a day(b) for every bill of every commission agent on a day? 2. HSN/SAC codes is unfamiliar to the dealers as well as State Tax officials. Please make a list of HSN codes available at the Central Tax offices. A mail id of the help desk be widely publicised and the information sought from help desks may be made available to those who seek the same. 3. The values in GSTR1 offline version in hsn summary sheet for the goods exempted, has brought in some confusion. Whether all the values of all taxable/exempted supplies are to reported here? If , yes, what are to be filled in for Total Value and Taxable Value columns for exempted supplies?
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    • We request you to clarify the following.

      1. When cotton ginners/merchants purchase kapas from Adoni Market Yard, they get number of bills from commission agents for their purchase. We are given to understand that the bills raised by the commission merchants are not GST invoices. Every day number of such purchase bills may range between 0-50. The question is that are they supposed to raise one self invoice (a) for the entire such purchases from Adoni Market Yard in a month/in a day(b) for every bill of every commission agent on a day?
      2. HSN/SAC codes is unfamiliar to the dealers as well as State Tax officials. Please make a list of HSN codes available at the Central Tax offices. A mail id of the help desk be widely publicised and the information sought from help desks may be made available to those who seek the same.
      3. The values in GSTR1 offline version in hsn summary sheet for the goods exempted, has brought in some confusion. Whether all the values of all taxable/exempted supplies are to reported here? If , yes, what are to be filled in for Total Value and Taxable Value columns for exempted supplies?

      HSN

      Description

      UQC

      Total Quantity

      Total Value

      Taxable Value

      Integrated Tax Amount

      Central Tax Amount

      State/UT Tax Amount

      Cess Amount

      23061020

       

      MTS-METRIC TON

           

      0.00

      0.00

      0.00

      0.00

      16-09-2017 / 06:57:17 PM
      Reply
    • Dear Telugu,

      Answer to your queries are as under:

      1. As per the facts mentioned in the question, It appears that your purchase is from a unregistered deals. In that case, You fall under revese charge. If you go by the formate of GSTR-2, It asks for invoice number. In my view, You show wait till GSTR-2 get live.

      2. For HSN/SAC visit  https://blogs.compliancecalendar.in/blogs/tags/HSN-CODE/1

      3. Yes, All supply need to be reported

      18-09-2017 / 10:35:47 AM
      Reply



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