Rcm - rs. 5000

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RAJA P M (Querist)
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01 August 2017 Dear Experts.,

Please give me the solutions.....

Today's my expenses are following,
1. Stationary - Rs. 1500
2. Consulting Charges - Rs. 2000
3. Water Charges - Rs. 950 and
4. Petrol Charges - Rs. 1500... Totale - Rs. 5950/- The first three expenses from URD and Petrol is Out of GST.

Can I don't want calculate RCM for the expenses except Petrol Rs. 4450/-. One day expense allowable under GST Rs. 5000/-
Please give me your suggestions...

CA Altamush Zafar

CA Altamush Zafar (Expert)
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01 August 2017 It will come under exemption notification, therefore no tax on RCM.

RAJA P M

RAJA P M (Querist)
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01 August 2017 Please explain Sir...
Bcoz, My expenses is Rs. 5950...

CA Altamush Zafar

CA Altamush Zafar (Expert)
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01 August 2017 In my opinion as there is no levy on petroleum products they are out of the ambit of GST Law. However if exempt goods were purchased along with taxable goods then RCM would have been applicable.

RAJA P M

RAJA P M (Querist)
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01 August 2017 Thank you for the valuable reply....
And one more please....

A day My expenses are Rs. 10000. Its contain Rs. 6000 is Registered Dealer and Rs. 4000 is URD... Then RCM is applicable or Not...

CA Altamush Zafar

CA Altamush Zafar (Expert)
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01 August 2017 Then also rcm not applicable.

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RAJA P M

RAJA P M (Querist)
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01 August 2017 Thank you for the Valuable reply Sir...

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