As per notification "Provided that the said exemption shall not be applicable where the aggregate value of such supplies of goods or service or both received by a registered person from any or all the suppliers, who is or are not registered, exceeds five thousand rupees in a day."
So my query is
What if we purchase from 2 unregistered dealer for Rs 5000 and Rs 1000 in a day so sould i pay RCM on Rs 1000 or Rs 6000.
You have to see the aggregate in a day, so GST has to be paid on 6000/-
Yes you have to pay gst on 6000.
| Originally posted by : saloni | ||
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You have to see the aggregate in a day, so GST has to be paid on 6000/- |  |
Agree, aggregate in a day will count.
What if purchase from unregistered dealer per day is RS 3500, amount crosses one lac a month?
No issues. No need to pay tax.
Yeah
you have to pay GST On 6000/- there is no way to exclude Rs. 5000/- From Entire purchase in a single day once it cross the exepmtion limit.
if you have doubt, you can also refer Gift tax where tax has to be paid once it is exceed the limit of Rs. 50000/-
Do this 5000/- figure consist of daily payment for items exempt under GST also. For Example I make following two payments in a day
1. Rs 4800/- for printer purchased from unregistered dealer
2. Rs 1200/- for milk purchase for office use from unregistered dealer.
Now pls tell me i will be covered under RCM or not?????
Thanks in advance
We are working as works contactor..
When our workers or staff going to work on site (not Local Work) in such case we give Rs. 450 as food expenses for a day and Travelling expenses as at actual, both expenses consider as URD in that case the such expenses will get full exemption under RCM? or will GST applicable under RCM
RCM not applicable on Employee and Employer Relationship
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