RCM
This query is : Resolved
04 October 2017
I pay 5000.00 monthly office rent, is liable for deposit gst under reverse change
CA R SEETHARAMAN
(Expert)
04 October 2017
Up to 5000 reverse charge not applicable.
Message likes :
1 times
CA Rashmi Gandhi
(Expert)
04 October 2017
No if no other expenses done on the same day......
Message likes :
1 times
05 October 2017
I would request to elaborate your answer plz.
Message likes :
1 times
CA Rashmi Gandhi
(Expert)
05 October 2017
Limit of 5000/- is for all expenses made from unregistered supplier in a day.
If you pay rent of 5000/- & also brought tea of Rs.50/- on same day then total exp will be 5050/- i.e. more than Rs 5000.
Soyou have to pay GST under RCM on same.
Trinadharao Adigarla
(Expert)
06 October 2017
Expenses incurred more than Rs.5000/- in the same day is to pay GST under RCM
06 October 2017
Expenses payable on periodic basis like Rent, Taxi Hire Charges, Staff Welfare etc can not be broken on daily basis to check limit of Rs 5000/- Per day. However you can plan purchase of stationery with a gap of few days to avoid the limit. This is only illustrative. Each case has to be viewed individually.
06 October 2017
Yes... I agreed with Mr CA AJAY KUMAR AGRAWAL...
Also Employer and Employee relationship expenses not applicable GST...
Also Employer and Employee relationship expenses not applicable GST...
07 October 2017
RCM u/s 9(4) deferred until 01-04-2018.
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