21 July 2017
Dear Experts. pls clarify :- whether purchase from unregistered dealer to the extent of Rs. 5000 is Exempt. No registered dealer has to pay Tax under RCM.
21 July 2017
Yes, it is true that if you are a registered dealer and make purchases up to Rs. 5000/- in a day, you need not to pay GST under RCM. This limit of Rs. 5000/- is for all unregistered purchases in a day.
CAclubindia
