Rcm (reverse charge mechanism)
This query is : Resolved
05 May 2018
Should I have to pay RCM if I have purchased some goods or service from registered dealer through cash amount Rs. 5000 and above? As you know the threshold limit of cash purchase under GST is Rs. 5000.00
13 May 2018
Reverse charge on supplies by an unregistered person to a registered person has been further exempted till 30th June, 2018. So RCM is not applicable on this transaction.
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