Rs. 5000 thousand per day limit

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monika (Querist)
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08 November 2017 SIR IN GST RS, 5000 PER DAY INWARD SUPPLY FROM URD IS FREE AND NOT APLIED RCM ON IT

SO QUESTION IS ARISE THAT

IT IS APLICABLE FOR COMPOSITION SCHEME HOLDER OR NOT ?

CA Rohit Sinha

CA Rohit Sinha (Expert)
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08 November 2017 Yes, this limit was equally applicable for composition dealer.

Further, for your information, RCM on purchase from URD is suspended from 13th Oct 2017.

monika

monika (Querist)
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08 November 2017 IT HAVE SUSPENDED FOR SETION 9 (3) OR SECTION 9 (4) ?

B Vinay Reddy

B Vinay Reddy (Expert)
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08 November 2017 all sec 9(3) cgst and sec 5(3) of igst continues only urd is not applucble till 1st april 2018

B Vinay Reddy

B Vinay Reddy (Expert)
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08 November 2017 sec 9(4) is suspended till March 2018

monika

monika (Querist)
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09 November 2017 I have stock of rs. 500000 on 30 June but have no itc of vat I migrate as composition dealer in gst if I declere this stock in cmp 03 will tax liability arise on it acording gst rate ? and should I pay this tax with cmp 03?

monika

monika (Querist)
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