Rcm applicability on expenses
This query is : Resolved
Sandipan Dutta
(Querist)
07 August 2017
Let us us RCM applicability for goods / services purchased from unregistered tax payers ?
CA R SEETHARAMAN
(Expert)
07 August 2017
Up to 5000 per day is exempt from RCM on purchase from unregistered dealer.
Sandipan Dutta
(Querist)
07 August 2017
Thanks for your information.
Rs. 5000.00 in a same head or in total per day ?
if paid by cheque or fund transfer, what will be tax incidence ?
Let me know tax liability in following cases:
In a same day, a company spent
1. Salary / wages Rs. 9000.00
2. Conveyance Rs. 2000.00
4. Electricity Rs. 7000.00
Rs. 5000.00 in a same head or in total per day ?
if paid by cheque or fund transfer, what will be tax incidence ?
Let me know tax liability in following cases:
In a same day, a company spent
1. Salary / wages Rs. 9000.00
2. Conveyance Rs. 2000.00
4. Electricity Rs. 7000.00
CA R SEETHARAMAN
(Expert)
08 August 2017
5000 total per day.
GST not applicable on salary payment.
GST not applicable on electricity.
GST not applicable on public conveyance.
GST not applicable on salary payment.
GST not applicable on electricity.
GST not applicable on public conveyance.
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
- Tax on Amount transferred in HUF Account
- Nursery business
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Section 269ST applicability for capital introduced by partner to his partnership firm
- ETDS return q4 25-26
- Intimation under section 245
- GST input credit on commercial property
- Gift to nri relatives residing in usa
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
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
