If RCM is postponed till march 18, Can we debit the Expenses Maximum of 5000/- in a Day. Beucase in RCM it was decided that if we paid the expenses more then 5000/- in a day then RCM Will be applicable. Now this limit is allowed to debit the expenses or Not?
04 November 2017
Since RCM on unregistered supplies is not applicable till 31st March 2018, you can receive supplies from unregistered dealers without any limit in amount.