supplier submitted tea bill of RS.10000/- without charging of GST.
we have to pay GST under RCM or what is the rate
PL suggest
12 Replies
SANDEEP JAIN
(Tax Consultant)
(487 Points)
Replied 03 August 2017
ask him to break the bill in fortnight bills of 5000 each
Asif Ansari
(Tax Consultant)
(159 Points)
Replied 11 August 2017
5000 daily limit from urd or any other limit for such exp.
Asif Ansari
(Tax Consultant)
(159 Points)
Replied 11 August 2017
and itc is blocked as per section 17 sub sec 5
Asif Ansari
(Tax Consultant)
(159 Points)
Replied 11 August 2017
and itc is blocked as per section 17 sub sec 5
Asif Ansari
(Tax Consultant)
(159 Points)
Replied 11 August 2017
b 1
food and beverages
or tea is out of beverages?
pls advise
food and beverages
or tea is out of beverages?
pls advise
Asif Ansari
(Tax Consultant)
(159 Points)
Replied 12 August 2017
yes you have to pay and itc benefit
Asif Ansari
(Tax Consultant)
(159 Points)
Replied 26 August 2017
friend you will get ITC benefit.
If furchase from URDs in a day is more than 5000 than you'll have to deposit GST under RCM @ 5% but you'll not deduct it from tea seller but you'll claim ITC after payment of such gst.
Asif Ansari
(Tax Consultant)
(159 Points)
Replied 26 August 2017
friend ITC benefit is block for food & beverages.
If all purchases/services from URDs in a day is more than Rs.5000 than you'll have to deposit GST under RCM @ 5% but you'll not deduct it from tea seller and you can't claim itc.
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