I come to know the daily purchase exemption limit of Rs.5000/- per day. Can be give GST notification on this exemption.?
4 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178231 Points)
Replied 11 July 2017
[ GST (CGST) Rate - Notifications ] Notification No : 08/2017 Dated: 28-06-2017
CGST exemption from reverse charge upto ₹ 5000 per day under section 11 (1) – 08/2017 – Dated 28-6-2017 – Central GST (CGST) Rate
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)
Notification No.8/2017-Central Tax (Rate)
New Delhi, the 28th June, 2017
G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 11 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on being satisfied that it is necessary in the public interest so to do, on the recommendations of the Council, hereby exempts intra-State supplies of goods or services or both received by a registered person from any supplier, who is not registered, from the whole of the central tax leviable thereon under sub-section (4) of section 9 of the Central Goods and Services Tax Act, 2017 (12 of 2017):
Provided that the said exemption shall not be applicable where the aggregate value of such supplies of goods or service or both received by a registered person from any or all the suppliers, who is or are not registered, exceeds five thousand rupees in a day.
2. This notification shall come into force with effect from the 1st day of July, 2017.
[F.No.354/117/2017-TRU]
(Mohit Tewari)
Panneerselvam
(Accounts Officer)
(66 Points)
Replied 11 July 2017
Sir,
Can you explain Rs.5000/- exemption for purchase or service. If include all purchase and service, please give list of services. like freight charge, maching charge, loading and unloading charge, etc.,
Vipul Jain
(Assistant Manager)
(69 Points)
Replied 11 July 2017
The limit of 5000/- is inclusive for goods and services.
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