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payment to unregistered vendor
what will the ceiling of payment made to unregistered vendor without reverse charge mechanism under GST?
Replies (9)
I think no limit for that
payment upto rs 5000 to unregistered vendor will not attract gst in rcm
payment upto rs 5000 to unregistered vendor will not attract gst in rcm
but as per circular no 8 its is only in the case of IGST .what about cgst and sgst?
| Originally posted by : Asa chandra | ||
 |
but as per circular no 8 its is only in the case of IGST .what about cgst and sgst? |  |
There is no circular for this, its a notification for the limit of 5000/- which applies to CGST & SGST but not on IGST....
Mr rounak is correct.
ok thank u all
Is 5000 Per day limit ? if yes it means yearly payment may be made Rs. 18 Lac Appx. ?
Yes 5000/- limit is per day for all URD.
Payment to unregistered dealer in rcm will always attract in case of intra state supply. In case of interstate supply dealer has to take compulsory registration in gst as per sec 24 of cgst act.
So no question of attracting rcm in case of payment to urd in case of interstate supply.
So no question of attracting rcm in case of payment to urd in case of interstate supply.
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