10 July 2017
Pl advice:- 1.As per notification 8/2017 of CGST, exemption is granted upto 5000/- from Reverse Charge (per day limit). As per circular only CGST is exempted where as SGST is not. For SGST exemption under this catagory is there any notification issued ? please advice
2.As per notification 8/2017 of CGST exemption is granted up to 5000/- from Reverse Charge. Suppose I purchase goods/supply from 4 different people @ Rs.1000/-each everyday (from unregisted entity).Pl advice whether I have to prepare Tax Invoice and Payment Invoice for each party every day? or is it enough to prepare consolidated bill of supply?
10 July 2017
thank you sir...it means half of the gst to SGST is still a liability under RCM and has to follow all steps like preparing tax invoice and payment invoice?
CAclubindia
