Rcm
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
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.
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.
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