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Rcm exemption 750 and 1500
rcm invoice limit how much
Replies (5)
There is no such limit in GST.
Rcm is applicable only for the transactions above 5000 , pls anyone clarify on this
RCM exemption of RS 750 and 1500 on transportation has been done away with. Now there is no such exemption
@ 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.
No such monetary threshold as on date
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