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rcm under rs.5000

RCM 237 views 4 replies
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Student CA Final
142 Points Posted on 12 July 2017
is possible to give contract to an unregistered dealer for rs.1825000and break it into daily invoice of rs. 5000?
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On 12 July 2017 at 11:41 Report
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Manager-Accounts & GST Consultant
5124 Points Posted on 12 July 2017

It is possilble.

But keep in mind that Rs 5000/- limit is for a single day for all unregd dealers.(Not one dealer per day)

Secondly, when you fill the return and fill the details at month end, it might create doubt.

34 Reply
On 12 July 2017 at 12:15
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Student CA Final
142 Points Posted on 12 July 2017
ya i know that the limit of 5000 is in total. so how it will create doubt? because it is nowhere mentioned or prohibit sucb thing? so is it any other suitable way to bifurcate such contract to claim exsmption
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On 12 July 2017 at 12:22
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MANAGER
1344 Points Posted on 12 July 2017

What is the nature of such expense?

3 Reply
On 12 July 2017 at 12:34
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Student CA Final
142 Points Posted on 12 July 2017
labour charges or rent expense
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On 12 July 2017 at 12:38


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