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Threshold limit upto which Reverse charge is exempt
What is tha threshold limit upto which registered person is exemted from paying tax on inward supply from unregistered person?
Replies (4)
earlier limit was 5000 per day.... but as of today... RCM Has been suspended
it mean registered person is not liable to any tax currently under RCM
No. RCM if inward supply is from URD,... but if you are availing Services from person falling under section 9(3) ie GTA, Advocate Etc then RCM has to be done
RCM on inward supplies from URD is deferred to 30/09/2018, but Services covered under section 9(3) ie GTA, Advocate Services when avail , the RCM has to be done .
Section 9(4) is deferred
Section 9(3) is applicable
Section 9(4) is deferred
Section 9(3) is applicable
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