Cash Limit / RCM
This query is : Resolved
18 March 2021
SIR- This is a GTA (Pvt Ltd) registered under GST.
We are receiving the bills on repairing charges for trucks from the service providers. The bill value will be Rs.5,000/- to Rs.20,000/- per day for a truck. They do not charge any GST on the repairing charges.
My doubts are,
1] Can we pay Rs.5000/- and above by cash for repairing works in case the service providers are not covered under GST?
2] Will RCM applicable?
3] Can we pay the repairing charges by cash voucher in case if they do not issue the bills?
Plz guide us
Thanks in advance
We are receiving the bills on repairing charges for trucks from the service providers. The bill value will be Rs.5,000/- to Rs.20,000/- per day for a truck. They do not charge any GST on the repairing charges.
My doubts are,
1] Can we pay Rs.5000/- and above by cash for repairing works in case the service providers are not covered under GST?
2] Will RCM applicable?
3] Can we pay the repairing charges by cash voucher in case if they do not issue the bills?
Plz guide us
Thanks in advance
18 March 2021
1 Pay cash payment not exceeding Rs 10000 per day.
2 RCM not applicable.
3 yes you can pay through cash voucher.
2 RCM not applicable.
3 yes you can pay through cash voucher.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Itr 1 processing
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- ITR 2 Short Term gain & Long term gain
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Query regarding TDS on EPFO Higher Pension Arrears*
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
