5000/- daily limit of indirect exp for rcm
This query is : Open
Gurwinder Singh
(Querist)
22 August 2017
Dear Sir ,
I want to know that in 5000/- daily limit of indirect expenses for rcm freight paid to gta or private auto owner is countable.
for example
i purchased stationery of rs 4500 from unregistered dealer
and also paid freight 2500 on the same day. ( but i am paying gst @ 5 % under rcm on freight )
so my q. is my purchase of rs 4500 is exempted because it is under 5000 or it will also be taxable because of 2500 /- paid as freight on that day.
thanks in advance to all expert
I want to know that in 5000/- daily limit of indirect expenses for rcm freight paid to gta or private auto owner is countable.
for example
i purchased stationery of rs 4500 from unregistered dealer
and also paid freight 2500 on the same day. ( but i am paying gst @ 5 % under rcm on freight )
so my q. is my purchase of rs 4500 is exempted because it is under 5000 or it will also be taxable because of 2500 /- paid as freight on that day.
thanks in advance to all expert
22 August 2017
Yes. You are exactly correct.....
You don't pay Tax under RCM basis for the above said details....
Gurwinder Singh
(Querist)
23 August 2017
5000/- limit is for intra-state ( within state )
what if we purchase from unregistered Interstate dealer ????
what if we purchase from unregistered Interstate dealer ????
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