Rcm exemption for rs 5000/-

Originally posted by : Karthik Kumar N
	Can we take ITC on tax paid under RCM

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

Originally posted by : Karthik Kumar N
	Can we take ITC on tax paid under RCM

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

Originally posted by : Shreyansh Golechha
	Petrol/diesel are exempted under gst, so will its expense be counted for daily limit.

There is no GST on those expenses.So,no need to add in calculating daily expense limit(that will not come under reverse charge,because GST itself is not there).You have to calculate the limit on expenses which will be liable for GST.

How to take ITC of RCM paid, whether it is manually or Automatic flow in gst portal?

Sir, is This limit is applicable to textile manufacturing job work also (Goods owned by principle )