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Rcm exemption 750 and 1500

KALI DASS (15 Points)

10 February 2023

rcm invoice limit how much

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5 Replies

Sneha Latha (Senior Assistant) (218 Points)
Replied 10 February 2023

There is no such limit in GST.

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Sanat Harwadekar (21 Points)
Replied 10 February 2023

Rcm is applicable only for the transactions above 5000 , pls anyone clarify on this

CA Altamush Zafar (GST Consultant) (15971 Points)
Replied 10 February 2023

RCM exemption of RS 750 and 1500 on transportation has been done away with. Now there is no such exemption

CA Altamush Zafar (GST Consultant) (15971 Points)
Replied 10 February 2023

@ Sanat Harwadekar

RCM exemption of Rs 5000 per day was on purchase of any goods or service from unregistered person. It was only effective till 14th October 2017. Now there is no such limit. And RCM on purchase from unregistered person is also not applicable except in real estate business.