Rs 5000/- per day exemption under section 9(4)
This query is : Open
26 June 2017
As per section 9(4) in case of any taxable supply by registered person from unregistered person,GST on the same shall be paid by recipient i.e registered person.Also it has been decided that Rs 5000/- per day exemption will be given in respect of supplies made from unregistered person.for supplies above this amount,a monthly consolidated bill can be raised.Now does this mean if my per day supply from unreg dealer is say 4500/- then i need not pay any GST on the same under RCM? Request you to please thrown some light on this modality.
27 June 2017
This 5000/- limit is mentioned
27 June 2017
this 5000 limit is mentioned in FAQ by GST..same means yes no liability in 4500 amount
27 June 2017
It is just reply on Twitter by GOI. It may become part of law by way of notification, but as on today it dont have any legal backing by way of notification or provision of Act. It this become part of Law, then it will be a big relief for the industry
Message likes :
1 times
27 June 2017
a notification was anyway expected..
even a tea of Rs5 would otherwise attract rcm..
but yes.. waiting for the notification..
Message likes :
1 times
27 June 2017
No official notification received till now.
27 June 2017
No official notification is received till date. We have to wait for it. If GOI is confidently twitted then we can expect such notification, but as on date it is just a tweet and not a notification.
27 June 2017
it is quite likely to get the notification to that effect
27 June 2017
The FAQs r in today's newspaper as well as a link can be downloaded from CBEC website!
However both have a declaration saying it is only for education purpose and no legal validity..
without notification it's just confusion
a notification is definitely expected..
27 June 2017
https://cbec.gov.in/resources//htdocs-cbec/gst/tweet-faq.pdf
A tweet is not covered under section 166 of CGST act. Lets all hope to get a notification soon.
A tweet is not covered under section 166 of CGST act. Lets all hope to get a notification soon.
28 June 2017
Now when official notification on the same is out it will be big relief for registered person as it was creating big hue and cry in the market. Analyzing the impact of this notification can i say if my daily supplies from unregistered person is Rs 5000 or below Rs 5000 (e.g. expenditure like stationery exp,tea and refreshment expense) i need not pay any gst or draw any invoice on the same and hence no impact of section 9(4) upto supplies of rs 5000.
28 June 2017
This notification expempts only central tax and not state tax. Unless a similar notification is issue by every state, sgst will have to paid on RCM on any amount according to me.
11 July 2017
sgst of Maharashtra and utgst also notify the same exemption of 5000 limit. I expect all other states also
Message likes :
1 times
11 July 2017
passed the same notifications*
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
- Supply through E-commerce Operators
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Relief u/s Section 89
- REGARDING GST LIABILITY/....
- Tax liability on income of freelancer
- SALE BILL AGAINST GOODS RETURN
- Loan by Partnership Firm
- STCG FOR GOLD ETFs
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- Specified Profession
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
