Rcm exemption for rs 5000/-

RCM 15529 views 38 replies
ofcourse
Replies (38)
ofcourse

But Sir, there is no any notification or communication given in GST.

my purchase is rs.6000/- in a day from urd, detail is under

0% or nil tax item rs.4000/-

other than 0% or nil tax 2000/-

in this case gst is applicable or not

Amount paid to employee as outstation allowance for food, travelling & other expenses when he was work outstation 

such allowance taxable under GST and also cover under RCM

Amount paid to employee as outstation allowance for food, travelling & other expenses when he was work outstation 

such allowance taxable under GST and also cover under RCM

Anybody give GST notification on Rs.5000/- limit for daily purchase. 

Please find the Notification:

 

 

yes u can avail if its used for furtherence of ur business

Hi ,

        Can any body tell me that i have sent material out staion by GTA. GTA raised bill of rs 600 is RCM applicable on above bill.

Sir,

No GST will be paid under RCM in your case.

Note: Milk is exempted from GST levy (Nil rate)

Sir, Can you Quote notification no.?

will Rs.5000/day limit computation includes value of exempt supplies from an unregistered supplier to registered supplier?

Originally posted by : Prakyath Shetty
will Rs.5000/day limit computation includes value of exempt supplies from an unregistered supplier to registered supplier?

 

If the value is 0, then under RCM also tax to be paid is 0.

So it can be concluded that Its only for taxable supplies.

Yes,you can take ITC paid on RCM while filing return on following month.

Yes you can take ITC of tax paid on purchase from unregistered dealer u/s 9 (4 )  


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