banner_ad

URD 5000

This query is : Open 
Profile Image

Profile Image

(Querist)
01 August 2017 we are working in chemical industry. Co has given sbi credit card to 4 employees and they are incurring exps from it and Co is reimburse they exps when they submit summary of exps incurred (it's like imprest account): Summary of exps incurred on 15th July-17 ; 1) LED lamp rs.600 2) Grocery rs.3400 3) Tea cups rs.300 4) Mineral water 1600 Total rs. 5900 All purchases are made from URD, whether RCM apply? Will it make any difference if I book some exps on 15th july and rest on 16th july?
Profile Image

Vishakha Kejriwal.

Profile Image

Vishakha Kejriwal. (Expert)
02 August 2017 Such reimbursements are in essence purchase from unregistered dealers on behalf of the company, and hence Section 9(4) of the CGST Act for tax payments under reverse charge would apply. However this would be subject to Not..8/2017- Central Tax. Further it is suggested to book the expenses in two different dates in case the company desires to take advantage of the limit of Rs. 5000 of the Notification.
Profile Image

hitesh

Profile Image

hitesh (Querist)
02 August 2017 Thank you for your prompt reply
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
06 May 2026
Account Assistant / Article Clerk

V.K. Ranjan & Co(Chartered Accountants)

New Delhi

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details