Gst liability on small transactions
This query is : Resolved
14 July 2017
Should we discharge GST liability for all reverse charge having small amount of transaction or any exemption is there i.e no tax to be deposited in small transactions.
Pl specify with example
Pl specify with example
CA. Vinodh Kothari
(Expert)
14 July 2017
Per day exemption on Reverse Charge for purchase from unregistered dealer is allowed upto total of Rs.5000/- under all heads of expenses except notified list of goods and services like GTA, Advocate Fees etc. Balance RCM should be paid.
VK
VK
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