What is exemption limit per day for unregd purchase to apply RCM?
2. Agreegate amount for both service and goods from un regd supplier
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Rcm not applicable on daily purchase amount
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Supplies, where the aggregate value of goods or services or both received by a registered person from any or all the unregistered suppliers is less than five thousand rupees in a day is exempted from reverse charge mechanism.
N.N. 8/2017-Central Tax(Rate), dt. 28.06.2017 https://bit.ly/2vI6RXL
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