RCM

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lalit

lalit (Querist)
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04 October 2017 I pay 5000.00 monthly office rent, is liable for deposit gst under reverse change

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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04 October 2017 Up to 5000 reverse charge not applicable.

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CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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04 October 2017 No if no other expenses done on the same day......

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CA AJAY KUMAR AGRAWAL

CA AJAY KUMAR AGRAWAL (Expert)
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05 October 2017 I would request to elaborate your answer plz.

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CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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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

Trinadharao Adigarla (Expert)
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06 October 2017 Expenses incurred more than Rs.5000/- in the same day is to pay GST under RCM

CA AJAY KUMAR AGRAWAL

CA AJAY KUMAR AGRAWAL (Expert)
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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.