28 May 2018
Many expenses are subject to RCM and many expenses are RCM exempted. It is learnt that if more than 5,000/- expense has been incurred in a single day, RCM is to be paid. Whether this limit of Rs. 5,000/- per day includes RCM exempted expenses ?
28 May 2018
Currently, there is no RCM liability on URD procurement's.
RCM liability is there on specific category of supply of services eg: GTA, advocate services etc. There is no threshold exemption to pay tax under RCM, for the specified category of supplies.
CAclubindia
