rcm purchases

RCM is on following transactions:

1. On specified category of transactions - GST to be paid under RCM irrespective of vendor being regd/unregd (GTA etc.)

2. On procurements from unregistered persons - GST to be paid under RCM only till 13th Oct'17. Further, exemption upto 5,000/day is available during the said period. Hence, if your purchase value exceeds 5,000/day then GST is payable under RCM on entire amount till 13th Oct'17.