Rcm deducted limit
AJAY KUMAR (accountant) (213 Points)
31 July 2019
what is the limit of deducted rcm in gst
4 Replies
AJAY KUMAR
(accountant)
(213 Points)
Replied 01 August 2019
how much bill amount to liable to deduct rcm
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 01 August 2019
kindly mention the Services availed.
As per Notification 12/2017 CT (R)
Transport of any goods, where the gross amount charged for transportation for a consignment transported in a single carriage does not exceed Rs. 1,500/- is Exempted
Transport of any goods, where consideration charged for transportation of all such goods for a single consignee does not exceed Rs. 750/- is Exempted
As per Notification 12/2017 CT (R)
Transport of any goods, where the gross amount charged for transportation for a consignment transported in a single carriage does not exceed Rs. 1,500/- is Exempted
Transport of any goods, where consideration charged for transportation of all such goods for a single consignee does not exceed Rs. 750/- is Exempted
CA Haritha Komma
(Chartered Accountant)
(1147 Points)
Replied 01 August 2019
Please elaborate the query..
GST under RCM to be paid in addition to vendor bill but not to be deducted from his bill and balance to be paid.
Eg: 1000 is Vendor bill.
Assuming GST under RCM @ 18% is 180.
The amount to be paid to vendor is 1000 and GST under RCM to be paid is 180.
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